What are Business Compliances?
Business Compliance refers to the various Tax Returns, filing and documentation etc. you have to mandatorily complete or maintain for your Business. They are necessary to be completed timely as they are statutory compliances required by various Government Bodies.
What factors determine Compliances for your Business?
Constitution – Business Compliances applicable for you depends on the specific constitution of your Business. For instance the compliances for Corporation are more stringent as compared to a LLC.
Industry – The Industry in which you operate. For example the compliances to be adhered for a financial business is different from the compliance requirements of a manufacturing Business
Location-The state or states in which you operate. The USA is combination of 50 state and 1 Federal District Washington DC. Every state has it’s own set of rules and tax structure. Thus , your compliance requirements differs from state to state.
Why Compliances are important?
What is the broad framework to be compliant?
WHY CHOOSE THE TAX PLANET?
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