Starting and Operating a Business in Nebraska

Starting and Operating a Business in Nebraska (June 2023 Edition) thoroughly covers federal tax and business laws as well as Nebraska laws and taxes and is a comprehensive tax and legal guidebook for Nebraska small businesses. The author, a retired tax attorney and CPA and a Harvard Law graduate, provides a detailed but easy to read explanation of the "ground rules" a small business owner needs to know to navigate successfully through the complex maze of federal and Nebraska tax and business laws and regulations.. Federal tax laws that apply to small businesses are analyzed and explained, showing how you can benefit from recent beneficial changes (and avoid the new pitfalls) , in order to structure your small business and operate it so as to best reduce taxes and also comply with numerous non-tax regulations.. Federal taxes and laws are updated to 2023 in this edition, including 2023 federal tax rates and brackets, 2023 retirement plan limitations, and other 2023 inflation-indexed items of the tax law.. Federal tax and legal coverage includes individual and corporate income, self-employment, estate, gift, and excise taxes, payroll taxes, withholding taxes; the new Corporate Transparency Act that will apply ONLY to small businesses; the Americans with Disabilities Act; environmental laws; minimum wage/overtime and child labor laws; anti-discrimination and health care reform laws that apply to employers; immigration laws affecting hiring; OSHA job safety compliance; ERISA (employee benefits) compliance; the Family and Medical Leave Act rules (and how to earn the family leave tax credit) ; mail order sales and telemarketing regulations; Internet taxation and regulation; and much more.. NEBRASKA LAWS AND TAXES: Fully updated for 2023 and other recent law changes, including current Corporate Occupations Tax rates and recent and scheduled cuts in corporate and individual income tax rates, incorporation/LLC/partnership filing fees, and the new "remote sellers" sales tax law. Nebraska tax and legal coverage also includes the Nebraska sales and use, property, and unemployment taxes, withholding on construction contractors, reduced inheritance tax rates in 2023, and other state business taxes; Nebraska fair employment laws, which differ from federal; the Nebraska minimum wage (and scheduled increases) , overtime, and child labor laws; mandatory workers' compensation insurance and new hires reporting; when/if registration of assumed business names (trade names) is required; the wage payment law; other state labor laws; and much more.. OTHER IMPORTANT INFORMATION AND ADVICE: In addition to extensive, up-to-date coverage of federal and Nebraska business laws and taxes, you will also find a gold mine of other useful information and advice for running your business. An entire chapter, with diagrams, is devoted to site selection for your business; also covered is how to choose accounting methods and tax year-end; do's and don'ts when buying an existing business, acquiring a franchise, or signing a lease; pros and cons of corporations, LLCs, LLPs, and other business entities. Other chapters deal with subjects such as how to protect your assets from creditors; incorporation in a state other than Nebraska; when to classify workers as either employees or independent contractors; advice about joining a multilevel marketing program; exporting tips; cash flow management and fraud detection; and estate planning, to name some of the covered topics.