Fundera

APRIL 17, 2017

We wanted to examine and quantify how an entrepreneur’s location can affect the amount they’ll pay in taxes this 2017 tax season—so we turned to data. Maximum Deductions by State: Data from the-best-and-worst-states-for-small-busines.silk.co. This is why we can’t divide the taxes collected by a state by a state’s total income. .

Small Businesses 62

Small Businesses Deductions Credit and Collections 62

Fundera

APRIL 18, 2017

Americans pay a lot of taxes—the IRS collected more than $3.3 Maximum Deduction by State: Data from the-best-and-worst-states-for-small-busines.silk.co. States collect income taxes in different ways—41 states tax wage and salary income, 2 exclusively tax dividend and interest income, and 7 states don’t even collect a state income tax

Small Businesses 55

Small Businesses Deductions Credit and Collections 55

Fundera

MARCH 30, 2018

The beauty of most cloud-based accounting software is that they connect to your business bank accounts and business credit card records and import them automatically, which reduces the likelihood that you’ll miss something. Mileage can be a big deduction for your business. The IRS-prescribed mileage rate in 2017 was 53.5

Small Businesses 76

Small Businesses Deductions Credit and Collections Transactions 76

Fundera

SEPTEMBER 23, 2017

The approximately $1 trillion in payroll taxes (employment taxes) collected by the Internal Revenue Service (IRS) in 2016 was nearly triple that of the $345 billion collected in business income taxes. The 2017 combined rate for Medicare is 2.9%. The 2017 combined rate for social security is 12.4%

Small Businesses 80

Small Businesses Credit and Collections Deductions 80

Fundera

DECEMBER 13, 2019

With an EIN, these businesses can collect and pay employees separate from the filer’s social security number, but as a sole proprietor, you have the option to use your SSN just like you would for any other financial transaction that requires it. . It’s harder to get financing and business credit. Fewer Business Fees.

Credit and Collections 71

Credit and Collections Deductions Transactions Small Businesses 71

Fundera

AUGUST 1, 2018

Over the past decade, 2017 set a record for most venture capital invested globally in a single year. Sweetgreen was one of the first restaurant chains to go fully cashless in 2017 , emphasizing pre-orders and efficiency. Equity financing is also at a historical high in terms of money invested. For example.

Credit and Collections 111

Credit and Collections Small Businesses Deductions Default 111

Fundera

SEPTEMBER 11, 2019

In other states, employers can’t discriminate against an employee or job applicant based on their credit history. Union disputes: Claims arising from labor relations disputes or collective bargaining agreements aren’t covered by EPLI. Amount of coverage and size of deductible. Historic employee turnover rates at the company.

Insurance Companies 54

Insurance Companies Law Firms Deductions Small Businesses 54