Cody

Overview of Virginia Sales Tax Rates The Virginia state sales tax rate is 5.3%, with the possibility of an additional local tax up to 0.7%, making the maximum rate 6%. Food and hygiene items are taxed at a reduced rate of 2.5%. Sales Tax Nexus in Virginia Nexus determines if a business must collect sales … Read more

Reasons for Involuntary Dissolution A company may face involuntary dissolution due to insolvency, violation of law, or shareholder disagreements. Resolution of Deadlock A court orders involuntary dissolution when there is deadlock between company owners and shareholders. This is the last step to resolve things when all else fails. Actions to Take if Facing Involuntary Dissolution … Read more

Overview of Model Test Shoots Model test shots allow new models to build their portfolio while allowing photographers to work with new talent. The sessions are often TFP (Time for Print) or done at a reduced rate. Both the model and photographer collaborate and work on their skill sets. What Are Model Test Shoots? A … Read more

Gallons of Milk Usage at Starbucks A low-volume shop might use 5-7 gallons of milk per day. A medium-volume shop might use 16-20 gallons per day. Starbucks would go through 16-20 gallons per day. Their drinks are very milky. The smallest drink uses over 10 oz. 20 gallons is 2,560 oz. That’s 256 small drinks. … Read more

Yes. If the LLP files taxes as a partnership or single-member LLC, a 1099 form is required. Failure to generate a 1099 can carry penalties, whereas generating one for a corporation has no penalty. The Internal Revenue Service requires LLPs to issue 1099s to independent contractors paid over $600 a year. The IRS specifies partnerships, … Read more

Trade Names Explained A trade name is the official name under which a company does business, also known as "doing business as" (DBA). It is registered with state authorities and puts the business on the state register for proper tax status and legal rights. However, a trade name does not offer legal brand protection or … Read more

Welcome to our project! Here are the guidelines you need to follow to ensure a successful outcome. Communication Effective communication is key to the success of any project. Make sure to regularly update the team on your progress and any challenges you may be facing. Timeline It is important to adhere to the timeline set … Read more

Overview of Edelman Edelman is an American public relations and marketing consultancy firm, founded in 1952 by Daniel J. Edelman as Daniel J. Edelman and Associates. The company started with three employees and grew to serve 25 accounts by 1960. Edelman takes a unique and highly focused approach to the services offered to clients, from … Read more

S corporations are not subject to corporate income taxes. Instead, the company’s individual shareholders report the income (or losses) on their personal tax returns. Required Tax Documents for S Corp Use Form 1120-S to report income, gains, losses, deductions, and credits. Calculate net profits by subtracting total operating expenses from the gross profit. Earnings from … Read more