Your Online Startup

Guidance For Online Startups

Mateo Olsen

The Tax Implications of Closing a Business

There are many tax ramifications of closing a business. You must pay off outstanding tax debt, terminate employment, cancel Employer Identification Numbers, and notify tax agencies. You must keep records for three to seven years. Whether you sell your business…

Different Types of Accounting Systems

There are many different types of accounting systems. They vary in functionality and are suited to various business types. Some are primarily used by freelancers, while others are suited for large enterprises. Government agencies often prefer specific types of systems…

Investment on Repatriation Basis

An investor can invest on a repatriation basis if he is a non-resident. The investment proceeds would be considered once the tax and consideration are paid. The investment proceeds would be subject to taxation and other filing requirements. Similarly, if…

Tax

What Is a Tax Exemption?

A tax exemption is a form of reduction in the amount of compulsory payments a person must make. A tax exemption can either give the person complete tax relief or provide reduced rates or only a portion of the items…

Innovative Startup Ideas For New Businesses

If you want to start a successful business, innovative startup ideas are essential for its success. By developing an original idea, you will be able to stand out from the rest and gain a competitive advantage. Here are some of…