We're working hard to make Formations available to all self-employed businesses and we will let you know when it is ready for you. In the meantime, we invite you to join our newsletter for updates, and explore our resources below.
FUTA is a federal unemployment tax that only employers pay. It is 6.0% on the first $7,000 of each employee's wages, and paying state unemployment tax on time cuts the effective rate to 0.6%, or $42 per employee per year. Sole proprietors, partners, and LLC members don't owe FUTA on their own...
What a CPA costs a small business depends on what you're buying: tax preparation, bookkeeping, full-service accounting, or hourly advisory work. Fees vary with entity type, transaction volume, and the condition of your books, and more firms now charge flat fees instead of billing by the hour. DIY...
Solopreneurs often have questions on how to incorporate a business, from which entity to choose to what it will cost and when the tax benefits begin. This guide walks through the full process step by step: choosing an entity type, picking a state, filing formation documents, getting an EIN,...