What is Exempt from Sales Tax in Alabama?

What is exempt from sales tax in Alabama? Sales of Exempt Items: Some of the more common items which are exempt are: prescription drugs, gasoline and motor oil (kerosene and fuel oil are taxable), fertilizer/insecticides/fungicides when used for agricultural purposes, seeds for planting purposes, feed for livestock and poultry (not including prepared food for Read … Read more

Understanding the Differences Between a 501c3 and a 1023

What is the difference between a 501c3 and a 1023? Section 501(c)(3) outlines the qualifications of a tax-exempt organization in certain respects while Form 1023 must be filled out in order to obtain the tax-exempt status. Read more on www.resilia.com Organizations that are nonprofits were created with a specific objective in mind, frequently for the … Read more

Is it OK to Put Mulch Next to Your House?

Is it OK to put mulch next to your house? But if you wish to use mulch near your foundation and are unsure as to how to proceed, the best short answer is this: To be on the safe side, leave a 1-foot-wide swath of ground mulch-free all along your foundation and make sure door … Read more

How to Pay Yourself from an LLC

How do you pay yourself from an LLC? As an owner of a limited liability company, known as an LLC, you’ll generally pay yourself through an owner’s draw. This method of payment essentially transfers a portion of the business’s cash reserves to you for personal use. For multi-member LLCs, these draws are divided among the … Read more

Production Entity: Understanding the Basics

What is a production entity? The production entity can be a corporation, a limited partnership, a general partnership (a very bad idea) or a limited liability company. While there are no statistics readily available, most producers form LLCs for a number of reasons. Read more on www.hg.org A corporation or organization that produces different kinds … Read more

How to Elect S Corp Status for a Single Member LLC

How does a single member LLC elect S corp status? To elect S corporation tax status, you need to file IRS Form 2553, Election by a Small Business Corporation. You can file an election for S corporation tax status at any time after setting up your SMLLC. However, there are limitations on when the election … Read more

Starting a Mobile Coffee Business: Everything You Need to Know

How do I start a mobile coffee business? Espresso Yourself: 8 Essential Steps to Starting Your Own Mobile Coffee Shop Establish Your Budget. Register Your Business. Attain the Appropriate License. Purchase Your Mobile Vehicle. Do Your Product Research. Gather Your Materials. Hire Your Staff. Commence Your Marketing. Read more on deliveryconcepts.com Are you a coffee … Read more

How to Earn Points on Amex Platinum

How do you get points on Amex Platinum? You will get one point for each dollar charged for an eligible purchase on your Platinum Card from American Express. You will get 4 additional points (for a total of 5 points) for each dollar spent on eligible air and hotel purchases. Read more on www.americanexpress.com One … Read more

How Much Should I Charge as a Fashion Stylist?

How much should I charge as a fashion stylist? On Thumbtack.com, the average cost of a wardrobe consultant ranges anywhere from $25 to $120 an hour, depending on the zip code. Large cities like New York and Los Angeles have higher hourly costs on average-upward of $100 dollars-while smaller cities have stylists charging less than … Read more