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Tag Archives: rant

Another Message to whitehouse.gov

My next message to the new administration through their website:
Don’t you think it’s odd that two people the President chose have had recent tax problems?  Maybe taxation in the United States is too complex, and should be simplified.  More specifically, small business taxation seems overly complex, and our new Health and Human Services Department manager, [...]

More Tax Surprises

I noticed this today:
http://www.revenue.state.il.us/Businesses/TaxInformation/Income/subchapters.htm
Illinois charges most corporations a 1.5% “replacement” tax.  Seeing as I will be taxed as an s-corporation I will have to pay that.  ugh.  Another $1000 or so for me eventually.  Even if I stayed taxed as an LLC (technically “partnership”), they still charge the tax.  They do say “Partnerships, trusts, and S corporations pay [...]

Researching Taxation And Business Regulations

Now that I’m on my way to running the business instead of just figuring out how to start it, I have been looking into the *big* issue of taxation and regulations I need to follow.
What I have learned so far:
1. Workers Compensation Insurance is necessary even though my business is a sole-prorpretor company.  I’m not [...]