With the unemployment rate seemingly rising everyday many are being “forced” into entrepreneurship. Most business owners would agree that business ownership is not for everyone.
With the unemployment rate seemingly rising everyday many are being “forced” into entrepreneurship. Most business owners would agree that business ownership is not for everyone.
When starting a business there’s always a great deal of uncertainty that goes along with selecting the right entity type. A business owner is unsure of whether or not they should be a sole proprietor, incorporate or form an LLC.
If you live in GA, you’ve probably heard it all over the news…not to mention the sales papers. Today, July 30, 2009 starts the Sales Tax Holiday. Certain items purchase through Sunday, August 2, 2009 are exempt from sales tax. For many items like computers and related accessories, this can be a huge savings. While saving $1.40 on a $20 purchase of pens, pencils and paper, might not be worth standing in line for an hour.
Don’t panic…..you have options! The first piece of advice I would give is do not ignore the IRS. Contrary to what many people think, they will work with you. The IRS does not want to take your car, house or seize your bank accounts. They want you to pay your taxes.
I know taxes are not high on the list of most romantic subjects, but when you and your sweetie are thinking about tying the knot but you should definitely consider the tax consequences. So, be sure to add tax planning to your wedding to do list.