Tax Foundation Ranks Top Business-Friendly Tax States

US dollars in shape of New Jersey: MaxFilings Business Taxes Blog

The Tax Foundation is a nonprofit organization focused on the education of taxpayers, policymakers and the media about issues relating to taxes. For several years, they have ranked each state in the U.S. based on business tax climate. This year’s list shows that states in the west, including Wyoming, are the most tax-friendly, and those in the ... More >

Talking Taxes: Important Terms You Should Know Ahead of the Election

Important business tax terms to know before election

As election day looms ever closer, it’s time to make some very important decisions—namely, which candidates and statutes you will vote for on your ballot. While there are some who understand the ins and outs of the political world, many of us have a limited knowledge about the countless issues that are touched on during an election season. One ... More >

Does Incorporating Your Business Save on Taxes?

Entrepreneurs choose to incorporate their business for many different reasons.  Some of these reasons include: increasing the credibility of your business, protecting your personal assets and identity, as well as saving money on taxes. With the 2015 tax season coming to a close, this last item likely hits home for many new businessmen and ... More >

Quick Tips on How you Can Save Money on Business Taxes

You first need to decide whether you need professional tax assistance. This professional would help keep your business’ taxes in order, plus help you plan ahead so that you can benefit from the most deductions. For a brief description of common business taxes you will encounter, click here. Common tax savings Luckily, there are some tax rules ... More >

Common Taxes Small Businesses Will Encounter

Taxes, for better or worse, are a part of everyday life. The same can be said if you run a business. Business owners are responsible for taxes at the federal level all the way down to the city level. With this much tax responsibility, business owners need to know the taxes they need to pay, the amount they need to pay and be aware of filing dates. ... More >

Federal Taxes Every Small Business Owner Needs to Know About

There are several types of federal taxes that small business owners need to know about when developing a business plan. The taxes that your small business will need will depend upon your business’s structure (i.e. C corporation, S corporation, LLC, etc.) and other factors. Income Taxes The most common type of taxes businesses (and everyone else) ... More >