• 6 Posts
  • 11 Comments
Joined 2 years ago
Cake day: November 13th, 2023
  • badIuckbrother@alien.topBtoSmall Business•Utilising downtime suggestions neededEnglish
    1·
    2 years ago

    First of all congratulations on getting your desired job, and cheers to you for having that perspective and an open mind! I could offer you some suggestions but before doing that I wanna know how you want to utilize your free time, do you want to do something productive? Capitalize on your current skills? or take a risk and do something completely different?

  • badIuckbrother@alien.topBtoSmall Business•Setting up LLC in wyoming?English
    1·
    2 years ago

    Wyoming Limited Liability Companies have the best asset protection laws, low fees, no taxes and allow for anonymous ownership.

    No Taxes: This is a strong draw for not only foreign investors, but those living in other states can benefit via utilizing a C-Corp tax election for example.

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    What kind of business do you run? Drop a DM if you need help discussing

  • badIuckbrother@alien.topBtoSmall Business•Made Sales and Collected $80 of Sales Tax before I got Certificate of Authority in NYS. Will I have to pay the $10K fine?English
    1·
    2 years ago

    You’ll have to pay penalties and interest for failure to file and pay sales tax.

    These penalties vary by state, but in general you can assume that penalties and interest will roughly total 30% of the amount of sales tax due. For example, if you owe $1,000 in sales tax, on average you will owe around $300 in penalties and interest.

    You may be subject to criminal penalties if you showed intent to defraud the state.

    This one is pretty rare, and hopefully doesn’t apply to your situation. But if you are involved in a sales tax “cover-up”, the states will not look favorably on your case.

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    according to this I don’t think you show intent to defraud the state and you don’t have to pay 10k in fines but please do your due diligence