Business directory to 401k rollover information and advice.www.business.com/finance/401k-rollover/
Retirement industry advisers and consultants.www.business.com/finance/retirement-consultants/
Companies that provide retirement plan benefits, including 401k plans and pensions. Get information on corporate retirement plans, or how to offer retirement benefits for employees.www.business.com/finance/retirement-plans/
401(k) plans allow employees to save for their retirement by contributing a portion of their wages to an individual account. Employers can also contribute to 401(k) plans in the form of employee benefits; be sure your 401(k) vendor can manage your employees’ investments wisely.www.business.com/finance/401k/
Learning about 401(k) plans key terms is a good place to start if you're considering starting up a retirement fund for your employees. From automatic enrollment to matching, after-tax and pre-tax contributions, 401(k) plans have several terms you may want to know before beginning one of these programs. More»
The 401k plan grew from a little known tax code loophole--which is where the 401k name came from--to the most common way workers invest for their retirement. This industry possesses trillions of dollars in allocated 401k retirement plan contributions. More»
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Running your own business means that you are responsible for paying taxes in both your city and state. State and local tax in US states refers to the amount of taxes in terms of percentages. Many companies use an accounting firm or accountant to determine the total amount paid in taxes at the end of the year or the end of the quarter. Larger companies that pay more in taxes often pay quarterly taxes, meaning the total amount is divided into four smaller payments.
No matter how large or small your business is, you must pay taxes on the income earned by your company. The percentage varies from state to state: New Jersey, New York, Connecticut, and Maryland have the highest state taxes; Alaska, Nevada, Wyoming, and Florida have the lowest state taxes.
You must also pay local taxes, the amount of which your city or town determines. Local taxes are typically lower than state taxes. If you do not pay taxes on the money earned by your business, you may face a hefty fine or even jail time in addition to paying back the total tax amount.
For more information on state and local tax in US states, please see the links compiled by Business.com, your leading source of information for small business owners.