The Utah State Tax Commission is the state agency responsible for administering and enforcing tax laws in Utah. They oversee various tax programs and ensure compliance with state tax regulations to support funding for public services and infrastructure.
Expanding your business into new territory should feel empowering. You know you’re truly growing your brand when you can branch your company into other states — but with that expansion comes a whole checklist of rules and regulations you have to follow.
If you’re a business with employees scattered across multiple states, keeping up with state compliance can feel like an impossible juggling act. That’s where a well-crafted, multi-state employee handbook can step in as your trusty guide.
Understanding the difference between exempt and non-exempt employees is critical to properly running your business and paying your employees fairly. Review with Mosey the basics of exempt and non-exempt employees.
What Is an Exempt Employee? When we talk about exempt employees, we’re referring to employees who aren’t covered by the Fair Labor Standards Act (FLSA). These employees are paid a fixed salary and are exempt from earning overtime pay, among other protections.
The limited liability company (LLC) entity type provides many advantages—like reducing the owners’ personal liability, and providing flexibility in tax classification and management structure.
Once you’ve established LLC status, you’ll need to comply with ongoing LLC compliance requirements to maintain LLC protections and avoid any penalties against your business. In most states, this includes filing an LLC annual report.
What is an LLC annual report? An LLC annual report is a brief overview of key facts about a limited liability company (LLC). It typically includes business contact information, contact information for owners (called “members” of the LLC), and a record of any major activities (such as change in ownership, business purpose, or location) during a given reporting period.
Gabrielle Sinacola |Jun 30, 2023
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