Operating a Sole Proprietor Business – A Sole Proprietor Business owns the business assets, operates the business and is treated as one with the business for tax purposes. The proprietor is personally liable for all of the contracts and activities of the business. All of the proprietor’s personal as well as the business assets are…
The basic federal tax rates for corporations as of 2015 are: Up to $50,000 15% $50,000 to $75000 25% $75,000.00 to $10,000,000 34% Over $10,000,000 35% The accounting methods used are generally either cash or accrual. Most individuals use the cash method as do most small business corporations. If a corporation’s gross receipts (as distinguished…
Are you looking for one of the best, Wilkes-Barre Pennsylvania Bankruptcy Lawyers in your area? The instability of the American economy has reduced most Americans to a state of simply trying to make ends meet. If you, like many Pennsylvania residents, maybe you lost your job, or are you struggling with your small business bills,…
Easing Financial Debt with Bankruptcy – The recession has plagued many Americans, and it doesn’t seem like it will be getting better anytime soon. Countless people find themselves either without jobs or with jobs that pay too little, relying on dwindling savings or credit cards to simply pay bills. If you are one of these…
Wilkes-Barre, PA Debt Relief Attorney Debunks Common Bankruptcy Myth Common Bankruptcy Myth – For so many people hard hit by the economic recession, bankruptcy is one of the only ways they can stay financially afloat. While, for some people, bankruptcy possesses a negative stigma, more people are seeing bankruptcy as a positive process, one that…
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