If you are a for profit corporation, including an S corporation, authorized to do business in Iowa, you most likely have recently received a letter reminder from the Secretary of State, reminding you to file your Biennial Report. This report is due by April 1st of even numbered years for profit corporations and cooperative associations. The report is filed in odd numbered years by LLCs, PLLCs, LPs and Nonprofits. The filing process is quite simple. You will need your Iowa

If you operate as a business, regardless if you file as a corporation, S corporation, partnership, LLC, or Schedule C on an Individual return, you must answer a two part question on the tax return. The first question is, “did you make any payments that would require you to file Form(s) 1099?” and the second is, “if YES, did you or will you file required Forms 1099?” The Form 1099 series is used to report various types of income other than wages, salaries, and tips. It encompa

If you are a for profit corporation, including an S corporation, and are authorized to do business in Iowa, you most likely have recently received a postcard reminder from the Secretary of State reminding you to file your Biennial Report. This report is due by April 1st of even numbered years for profit corporations and cooperative associations. LLCs, PLLCs, LPs and Nonprofits file in odd numbered years. The filing process is quite simple. You need your Iowa corporation num

Today we will take a look at some tax tips when starting a business. I selected this topic after having four meetings last week with clients looking to start a new business. When starting a new business, it is important to know what your responsibilities are for federal and state taxes. Early on, you will need to decide the type of business you are going to establish. The most common types are: Sole Proprietorship Partnership Corporation S Corporation Limited Liability Compa