The Tax Cuts and Jobs Act (TCJA) has changed the landscape for business taxpayers. That’s because the law introduced a flat 21% federal income tax rate for C corporations. Under prior law, profitable C corporations paid up to 35%.
If you are concerned that you are missing an important step in starting a business, don’t fret; we can help you get started. One of the most commonly overlooked steps in starting a small business—and something you should do before you do almost anything else—is to register your business with your state.