Compliance guides and resources

Starting a new business is an exhilarating venture, but before you jump right into the day-to-day operations, it’s important to decide on your business structure. The choice between forming a sole proprietorship vs. LLC can profoundly impact everything from your personal liability protection to how you file income tax returns. Let’s get into the specifics of each to help business owners like you make informed decisions.

A foreign corporation is a business entity incorporated in one jurisdiction, but doing business in another. When a business entity, like a corporation or limited liability company, operates outside its home state, it’s considered “foreign” in the states where it transacts business — even though it’s a domestic corporation in its place of origin. Let’s dive into the basics around foreign corporations. What Are the Basics of a Foreign Corporation? The concept of a foreign corporation isn’t new, but the 20th century saw a spike in foreign business due to globalization and tech advancements. With the rise of foreign corporations, international treaties surfaced to regulate their activities.

Payroll isn’t just about doling out paychecks. It’s a complex system involving numerous elements, such as calculating employee hours, tax withholdings, and various other deductions. Then, there’s the matter of making sure those funds actually make it into your employee’s bank account. If payroll sounds overwhelming, read on as we break it down in this guide. What Is Payroll? Payroll is a crucial process every small business needs to master. It’s not just handing out paychecks to employees but rather involves a series of steps that ensure everyone gets paid accurately and on time while also fulfilling tax and other legal obligations.

The business world is made up of thousands of legal entities. In simple terms, a legal entity is an individual, business, or organization that has specific legal responsibilities. These duties are set by various governing bodies, ranging from your local city council to the federal government This term has evolved over time but remains rooted in the need for a regulated business landscape. Legal entities ensure there’s a structure that’s accountable for its actions within the jurisdictions of federal, state, and local laws.

If you’re a stakeholder in HR, finance, or even the founder of a small to mid-sized company, you already know state compliance can get tricky, especially when it comes to fluctuating tax rates. With that in mind, let’s discuss state unemployment insurance, commonly abbreviated SUI. What Is SUI? State unemployment insurance, or SUI, is an employer-funded tax designed to provide short-term financial support to employees who have been laid off or terminated without misconduct. If you’re operating a U.S.-based business — especially one that spans multiple states — you’ll find that SUI tax rates are diverse.

While the differences between gross pay and net pay may be common knowledge to you and most of your workers, going back to basics can be helpful for understanding the regulations that govern the difference between take-home pay and pay rate. Learning about these complementary regulations can help prevent complications in business. Employers who comply with payroll laws regulating gross and net pay can better ensure company success as well as employee well-being. Let’s take a closer look at gross pay and net pay, and explore how Mosey can help simplify payroll compliance for your business.

Practically every employee in the United States is subject to federal tax withholding. In a nutshell, federal tax withholding keeps a certain amount of your employees’ paychecks to send directly to the government, estimating how much they owe for each tax year. Understanding the ins and outs of federal tax withholding is crucial for proper compensation, especially if you have employees in multiple states. So, let’s take a closer look.

Limited liability companies, or LLCs, present a unique opportunity for people looking to start their own business — but how do you know whether forming an LLC is the right move for your business venture? Take the first step by learning the potential benefits and downsides commonly associated with LLCs. What Is an LLC? A limited liability company is a flexible type of business structure that allows for many forms of organization and tax treatment for businesses. An LLC can be formed by one individual or can consist of any number of individuals, corporations, and even other LLCs.

SAN FRANCISCO, CA – September 27, 2023 – Mosey, the leading state compliance platform, today announced partnerships with industry leaders Gusto, Stripe, and Sequoia Consulting Group. Each company has seen a dramatic increase in the demand for tools to help businesses get compliant and operate throughout the US. By partnering with Mosey, they will better meet the needs of the businesses that rely on them.

Business tax planning can be complicated. It’s particularly involved for employers with multi-state payroll, who need to figure out withholding obligations in every state where they employ workers. If you do business or employ workers in one of the 15 states that allow local jurisdictions to impose income taxes, you might also need to withhold and remit local income taxes where your employees live, work, or both.