Do Nonprofits Pay Payroll Taxes?

Do nonprofits pay payroll taxes? It’s a common question, and the short answer is yes, nonprofits do pay payroll taxes for employees. However, there are many nuances to nonprofit payroll taxes, and they are often confused with church payroll taxes. While they do sometimes overlap, church and nonprofit payroll taxes are two different entities. Read … Read more

How to Register Your Business in Colorado

How do I register my business in Colorado? How to Form a Corporation in Colorado Choose a Corporate Name. File Articles of Incorporation. Appoint a Registered Agent. Prepare Corporate Bylaws. Appoint Directors and Hold First Board Meeting. Issue Stock. File Periodic Reports. Obtain an EIN. Read more on www.nolo.com One of the first stages in … Read more

Understanding the Federal Tax Rate for LLCs

What is the federal tax rate for LLC? The IRS may not require non-active LLC members to pay self-employment taxes. Members must report self-employment taxes on a Schedule SE. LLC members are responsible for paying the entire 15.3% (12.4% for Social Security and 2.9% for Medicare). Read more on www.findlaw.com Many business owners choose Limited … Read more

The Benefits of Having an LLC

What’s the benefit of having an LLC? An LLC’s simple and adaptable business structure is perfect for many small businesses. While both corporations and LLCs offer their owners limited personal liability, owners of an LLC can also take advantage of LLC tax benefits, management flexibility and minimal recordkeeping and reporting requirements. Read more on www.legalzoom.com … Read more