Entries by Joeel & Natalie Rivera

What is Sales Tax & Do I Need to Charge Sales Tax?

In the United States when you go to the store to purchase something, let’s say we go to purchase a T shirt, we buy the T shirt and when we go to the register to pay we give them cash, a debit or a credit card and they give us a receipt. When you look at the receipt, you will notice that at the end of each receipt, before the total, there is a subtotal showing the cost of the purchase, then there is the added sales tax, then the total amount, which is what you are required to pay.

Pass-Through Taxation

Sole proprietorships, partnerships, S corporations, and LLCs are all subject to pass-through taxation. These types of companies are known as pass-through entities, which means that these are entities are not paying taxes as a corporation, instead, their profits will pass through to its members to be reported on their personal tax returns. All profits are only taxed once, at each member’s individual income tax rate. 

THE HARD TRUTH… no one will tell you about reaching your potential and living your dreams.

By Natalie Rivera No more butterflies and rainbows and singing Kumbaya. My deepest fear is to be overflowing with the manifestations of my dreams and feel unfulfilled. … To be surrounded by people I value and feel alone. … To have a life full of activity and feel empty. … To have a life that […]