New Business Regulations To Know About in 2019
Being an entrepreneur in the United States is a great opportunity. It is a great chance to make a business come alive and make a right amount of money while doing it. With that being said, there is a lot that comes with owning a business. Are you aware of new business regulations? Here at Joyce CPA, LLC we are experts at business law. Located in Cutler Bay, we understand the process of an internal audit and can help you today!
Follow The Rules
When it comes to business regulations and internal audit, there is a significant volume of government rules that can make your head spin. This can be whether or not you are just starting out or if you are a seasoned small business. Finding a location of these regulations can be a pain, too. There is a high volume of government regulations on business, so it is essential to understand the general rules of the road. It okay, we promise it is not as scary as it sounds. The secret is to understand government regulation is knowing where to look and what kind of rules you are looking for. Luckily, we are here to help! We provided a breakdown of common kinds of government related to business and where you can go to understand better how they work.
Major Government Regulations and Business Law
- Tax Code. Every company registered within the United States has to pay federal taxes. You can not escape them! The kinds of taxes you will pay depends on how you formed your business. In this regard, not all businesses are treated the same. Sole proprietorships pay taxes differently than, say, S-corporations.
- Income tax
- Estimated tax
- Employment tax
- Excise Taxes
- Employment and Labor Law. As a business owner, you must know the array of federal and state labor laws if you need to hire employees or independent contractors. Take advantage of the Departments of Labor’s FirstStep Employment Law Advisor. This is a great resource.
- Wages and hours
- Workplace safety and health
- Equal opportunity
- Non-US Citizen workers
- Employee benefit security
- Family and medical leave
- Antitrust Laws. Whenever a company conspires with its competitors, third-party vendors, or other relevant parties, you run into antitrust laws.
- Conspiring to fix market prices
- Price discrimination
- Conspiring to boycott
- Conspiring to allocate markets or customers
- Advertising. When you are looking for a good advertising strategy, you need to make sure that you are playing by the rules. For example, you have to make sure the claims in your ads are not untruthful or purposely deceptive. If you violate them you can get fined.
- Other rules to look out for:
- Environmental Regulations.
- State Licensing
Contact Us Today
When it comes to understanding government regulation, you must follow business law. Here at Joyce CPA. LLC, we are your resource to keep you following all the rules and keep your business running! We are conveniently located in Cutler Bay. Call or contact us today for more information. We are experts of internal audit.