Leola

Starting a Sole Proprietorship: Everything You Need to Know

by

Can I start sole proprietorship? Generally, it does not require any registration as such. Any individual who wants to start a business with less investment can choose this type of business form. The control of the business is solely in the hands of the single proprietor/owner. Read more on cleartax.in If you’re thinking about starting … Read more

Are Board Member Dues Tax Deductible?

by

Are board member dues tax deductible? Membership fees or dues.. You may be able to deduct membership fees or dues you pay to a qualified organization. However, you can deduct only the amount that is more than the value of the benefits you receive. You can’t deduct dues, fees, or assessments paid to country clubs … Read more

Does a Single-Member LLC Need to File Form 941?

by

Does a single-member LLC need to file Form 941? Steps for Filing as a Single-Member LLC. Use Schedule C to report business income and loss. Report employment taxes if your LLC pays employees. File Form 941 quarterly if the withholding is less than $1,000. Otherwise, file Form 943 at the end of the year. Read … Read more