Owner’s Draw – A Business Owner’s Perspective, Part 1

A common question for many sole proprietors is what is Owner’s draw, how do I pay myself and how does Owner’s Draw affect that? This article will walk you through and explain from a business owner’s perspective what owner draw is and how it should be used in your business
Owner’s Draw: What Is It?

Owner’s [...]

Posted by: Katrina Harrell, August 11, 2010

Comments: 5

Owner’s Investment: The Business Owner Perspective

You are about to start a company and need funds. You are leery of loans (or the bank just isn’t lending), so you tap into your personal savings and use it as start up funds for the business. The amount of money you just used is referred to as owner’s investment. Regardless of what type [...]

Posted by: Chizoba Morah, July 22, 2010

Comments: 8

Wyoming State Sales Tax Rates and Requirements

Wyoming has a 4% statewide rate. Local counties and resort districts can add additional sales tax to bring the rate up to 9%.
Sales tax is administered by the Department of Revenue which registers new businesses and collect sales tax.
Looking for more on Wyoming? Wyoming Business Taxes and License & Permit Requirements

Posted by: Leslie A. Joy, June 9, 2010

Wisconsin State Sales Tax Rates and Requirements

Wisconsin has a 5% statewide tax and local counties can add on 1/2% to push the rate to 5.5%.  Some counties are also subject to a stadium tax which pushes the rate to 5.6%.
Sales tax is administered by the Department of Revenue which registers new businesses and collects sales tax.
Looking for more on Wisconsin? Wisconsin [...]

Posted by: Leslie A. Joy,

Washington State Sales Tax Rates and Requirements

Washington has a 6.5% statewide rate with local option taxes from counties, cities, hospital districts, transit districts and revenue development districts pushing the rate as high as 10% in some areas. Washington does have a number of exemptions to sales tax including most groceries and prescription drugs, newspapers and sales to members of indian tribes.
Sales [...]

Posted by: Leslie A. Joy,

Virginia State Sales Tax Rates and Requirements

Virginia has a 5% statewide rate broken into 4% for the state and 1% for local governments. Certain groceries are taxed at 2.5% statewide.
Sales tax is administered by the Department of Taxation which registers new businesses and collects sales tax.
Looking for more on Virginia? Virginia Business Taxes and License & Permit Requirements

Posted by: Leslie A. Joy,

Vermont State Sales Tax Rates and Requirements

General state rate in Vermont is 6%, but meals and lodging is 9% and alcoholic beverages 10%. 1% local option can be added on top of any of the aforementioned state rates.
Sales tax is administered by the Department of Taxes which registers new businesses and collect sales tax.
Looking for more on Vermont? Vermont Business Taxes [...]

Posted by: Leslie A. Joy,

Utah State Sales Tax Rates and Requirements

Utah has a 4.75% state rate, but cities, counties, unincorporated towns, rural hospital districts, local highway, zoos and art districts and resorts drive the rate as high as 16.35%. Different categories of items in Utah have vastly different sales tax rates.
Sales tax is administered by the State Tax Commission which registers new businesses and collects [...]

Posted by: Leslie A. Joy,

Texas State Sales Tax Rates and Requirements

Texas has a 6.25% statewide sales tax. Cities, counties, special taxing districts and transit authorities can add on up to 2% more for a total rate of 8.25%.  The sales tax rate on vehicle sales is set at 6% statewide.
Sales tax is administered by the Comptroller of Public Accounts which registers new businesses and collects [...]

Posted by: Leslie A. Joy,