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The Benefits of Delayed Business Filings

CPA Practice

Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer. In addition, incorporating, of course, establishes their legal separation from the business’s liabilities sooner, which protects their personal finances from the business’s debts.

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5 States with the Lowest Combined Business Taxes

CPA Practice

Some states have higher corporate income tax rates, while others offer lower rates or no tax at all. Additionally, examine personal income tax rates and sales tax rates, as they can affect both your business revenue and personal finances — both of which can also impact your ability to attract and retain talent.

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What employers should know about voluntary unemployment contributions for rate reductions

ThomsonReuters

Department of Labor explains that unemployment insurance is a federal-state program financed through federal and state employer payroll taxes. In benefit-ration states, an employer pays voluntary contributions to cancel benefit charges to its account, thereby reducing its benefit ratio. Virgin Islands.