Content Accumulating or retaining too much in earnings can increase tax liability Incorporation and Legal Structures Start a Maine LLC Unincorporated Business Franchise Tax If your LLC is taxed as a corporation: Excise tax State taxes Suspended LLCs The regulations in this area are a bit complicated, but if you actively manage or work in […]
Content Which types of businesses typically use cash accounting? Accrual Accounting vs. Cash Basis Accounting: What’s the Difference? Cash Basis Accounting vs. Accrual Accounting AccountingTools A guide to raising capital as a small business founder Books for Business: December – Burt Rosen The information provided via the accrual method aids shareholders in evaluating business trends […]