Many small businesses have long struggled to provide health benefits to their employees. The Affordable Care Act (ACA) or Obamacare as it is often referred to, includes a separate online health-insurance marketplace for small businesses, those with fewer than 50 employees. Here are some other key ACA changes, some of which took effect this year:…
Under the Bank Secrecy Act, codified as part of the Internal Revenue Code, any person or company that receives more than $10,000 in cash in the course of business in one transaction or in two or more related transactions must file a Form 8300 with the IRS within 15 days. A Form 8300 includes the…
In addition to business taxes required by the Federal government, small businesses have to pay some State and local taxes. Each State and locality has its own tax laws. Having knowledge of your State tax requirement can help you avoid problems and help your business save money. As a small business owner you need to…