Frequently Asked Questions
Q: What type of entity should I form for my business?
A: It depends on your business, whether or not you have partners, any your other income items to minimize tax effects, etc. One size does not fit all. Let's chat and determine which entity is best suited to the business you envision.
Q: What type of taxes do I have to pay?
A: Most businesses are required to pay sales tax, unless you are a rare exception. If you have employees, you need to pay payroll taxes. Depending on your location and industry you may need to pay luxury and/or tourism taxes. Finally, you'll need to determine if you need to pay corporate taxes. Let's chat and get you the clarity you are seeking!
Q: Do I have to file a tax return?
A: You are required to file a return if your gross income is more than the current standard deduction. Given this rule of thumb, if you still need help, let's chat!
Q: What is my tax bracket?
A: The tax brackets are as follows: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Let's chat and figure out where you fall.
Q: How much do you charge an hour?
A: I charge by the services required, no hourly rates, ever. Drop me a line and let me know what you have in mind and I can give you a custom quote.