Starting a New Business? – Be Prepared for Taxes
Starting and owning a new business can be very exhilarating but it can also be very stressful. There are so many important things to keep track of and dozens of tasks that need your attention. One thing that can get lost in the shuffle is your taxes.
First, the taxes you owe and how much you will have to pay will depend greatly on how you structure your business: whether it be a corporation (S or C), a partnership, a sole proprietorship or a Limited Liability Corporation (LLC). If you’re not sure which one is right for you, we’ll be happy to explain the differences and help you set up the best structure for your needs.
As a business owner you could be subject to several different types of taxes, including income taxes, employment taxes, self-employment taxes and excise taxes. You are responsible for any of these taxes that are not automatically deducted. That means you have to pay quarterly tax installments. If you fail to do this you could end up being penalized and pay even more, including interest.
As a business owner you’re still not done. These are just the federal taxes that you need to track. You also need to make sure you are up-to-date on all state and local business taxes as well. Owning a business can certainly be exciting but don’t forget about your taxes along the way. The experts at GROCO can help. Call us at 1-877-CPA_2006 or click here.
For more information on tax tips when starting your own business click here
http://www.palmbeachpost.com/feed/business/consumer-advice/dont-let-taxes-kill-your-new-business/fCMXWF/
Beyond the Game: How One Coach Helps Provide Better Socioeconomic Opportunities For Her Team.
Rose Shoen is a semi pro soccer player in the Women’s Premier Soccer league. She received all star selection in 2016 and 2017. She also holds a C national USSF coaching license and founded her own men’s soccer franchise, Azteca FC in 2013. She is the only female owner/manager/coach in the San Francisco Soccer Football League’s history. Rose also works coaching high school youth from low income minority groups with the objective to help them receive college scholarships. Many of these players
Muse Me: Making “Old Art” Cool | Heather Gokhman
Heather Gokhman is a member of the International Society of Appraisers, holds a Masters degree in Art Business from Sotheby’s Institute of Art in New York City, and a Bachelors degree in Art History from the University of Southern California. Prior to opening State of the Art Appraisals, Heather was a partner at EG Art Brokers, a fine art appraisal and auction brokering company and Assistant Director at contemporary art gallery, Avran Art, in Laguna Beach. Heather has also worked at Montgomery
Transforming Ag Extensions in India: A Moment with Rikin Gandhi of Digital Green
Rikin Gandhi is chief executive officer of Digital Green. Rikin’s interests include sustainable agriculture and technology for socioeconomic development. He co-founded Digital Green as a research project in Microsoft Research India’s Technology for Emerging Markets team and now leads the spin-off of Digital Green that works to amplify the effectiveness of agricultural development globally. Rikin is a licensed private pilot and received patents for linguistic search algorithms that he helped
Why Venture Capital is Exciting and Rewarding | Robin Li
Robin Li is a VP at the GGV Capital Silicon Valley office. She focuses on investments in ecommerce and consumer internet. She is a member of the board of directors for Lively and is actively involved with Boxed, Bustle, Function of Beauty, musical.ly, Ibotta, OfferUp, Poshmark, Xiaohongshu, Yamibuy, and more.Prior to joining GGV, Robin worked at Flextronics’ Venture Arm covering hardware and technology investments and at Qiming’s Beijing office. Before venture capital, she spent three years at