The Internal Revenue Service has lowered the user fee for charities applying for tax-exempt status. On July 1, the IRS decreased the user fee for processing Form 1023-EZ, Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal
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Nevada Business Owners (Mandatory Nevada Commerce Tax Filing Requirement)
Every business registered in the state of Nevada, except 501c nonprofit organizations, are subject to the Nevada Commerce Tax and must file the Commerce Tax Return by August 15th 2016, regardless of whether you have a tax liability or not. Information
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New Regulation for Those looking to form a new PC or PLLC in New York
By Frank Orlando Starting March 18th 2015 the New York Department of Education, Office of Professions, implemented new rules/restrictions with reference to the naming of your new professional company. The office of professions will now reject any new submissions if: The
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Corp vs LLC: Formation, Management and Tax Differences
By Frank Orlando When starting any new business, the owners will need to decide under which type of entity the business will operate. While there are several choices such as sole proprietor/DBA, LP, PC, PLLC or Not-For-Profit, it is likely
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MA Discourages Listing EIN in Filings
MA Secretary of State Corporations Division has posted the following notice on the division's website: As of January 1, 2015, the Corporations Division will no longer accept an FEIN number in conjunction with the organization, formation or registration of any
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New York Corporation Organizational Tax
Effective January 1, 2015 the New York Department of State will no longer collect a tax on shares when forming a corporation. This will result in a decrease in formation cost by $10, the minimum tax collected prior the the change. Additionally,
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Start your business-succession plan early
Interesting article that will start you thinking about what will happen to your family-owned business. http://www.bizjournals.com/buffalo/blog/buffalo-law-journal/2014/12/guest-column-start-business-succession-plan-early.html?page=all Read more...
New York Biennial Statement Update
As of May 2014 the New York Department of State has discontinued distributing biennial statement forms in paper format. Future biennial notifications will be emailed to filers who have provided the New York Department of State with an email address.
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