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The Latest Questions Small Businesses Are Asking

Up and Running

Do I need to hire a Certified Public Accountant (CPA) for my small business? A Certified Public Accountant (CPA) is a state licensed professional who offers various accounting, auditing, tax, financial analysis, business valuation and consulting services. As a licensed professional, a CPA has to adhere to a code of professional ethics.

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Why Employer-Sponsored Health Insurance Is A Thing Of The Past And What You Should Do About It

YoungUpstarts

Basically, employees purchase their own individual policies on the open market (a purchase frequently offset by government subsidies), and employers reimburse them. Additionally, the rules and regulations governing defined contribution solutions can be complicated — especially now, with new health reform regulations.

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Proper Due Diligence: The “Other” List

YoungUpstarts

Hire a CPA. First off, a CPA will save you time by doing the same work faster than you while providing a valuable third party perspective. First off, a CPA will save you time by doing the same work faster than you while providing a valuable third party perspective.

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How Much Does the 501(c)(3) Application Process Cost in 2021?

Board Effect

Your total projected revenue must be less than $50,000 in any of the next 3 years. These companies charge a fee, but it will be far less than what an attorney or CPA charges. Your bylaws are your nonprofit’s governing documents. Actual gross receipts must not exceed $50,000 in any of the past 3 years.

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Do Nonprofit Organizations Need to Pay Taxes?

Board Effect

Some states require a “letter of determination” from the state Department of Revenue during tax season to demonstrate that they meet the qualifications of a tax-exempt organization. Your nonprofit may need to file an application with the state department of revenue to qualify for sales tax exemptions. When Do Nonprofits Pay Taxes?

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[INTERVIEW] How LaMar Van Dusen, Founder Of Phoenix Management, Wants To Help Entrepreneurs Grow Their Businesses

YoungUpstarts

That’s time they could be spending on generating new revenue for their company. But you should still enlist a qualified CPA to make sure everything’s squared away, especially at tax time. They could be closing sales or pursuing new business or enhancing their customer service. Time is an important resource, just like money.

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Tax Credits for Startups in New York State

David Teten

As our federal and state government continue to worry about job creation, they’re trying their best to promote entrepreneurship. For background, we rarely see a CPA come to us with a startup idea. For background, we rarely see a CPA come to us with a startup idea. Photo courtesy Shedboy.).

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