Can an S Corp Be a Sole Proprietor?

Main Differences Between Sole Proprietorship and S Corp The main differences between a Sole Proprietorship and an S Corp are liability protection and potential tax advantages. An S Corporation offers liability protection, whereas a Sole Proprietorship does not. An S Corporation is exclusive to the United States. Tax Implications and Differences Sole proprietorships must report … Read more

What Is the Sales Tax on Food in Nashville TN?

Food Tax in Nashville, Tennessee In Nashville, the sales tax on food is 7%. Tennessee has a 7% state sales tax. Nashville has a 2.25% local sales tax. The total sales tax rate in Nashville is 9.25%. Some items are tax exempt in Tennessee, like most groceries. Prepared foods sold in grocery stores are taxed … Read more

What Are the 3 Types of Events?

Event Types Events involve people assembling for social, cultural, educational, or business purposes. There are three main event types: corporate, private, and charity. Understanding different types helps plan meaningful, successful events catering to specific audiences. Resources, audience, and goals determine the right format. Corporate Event Focus Corporate events train, inform, motivate, and convince employees. Useful … Read more

Is Accounts Payable a Stressful Job?

Accounts Payable Clerk Pros: Co-workers are easy to work with. Cons: Stress level is always high, too much of a work load. What is the Accounts Payable Cycle? The accounts payable cycle records short-term debts like the money a company owes to its suppliers and vendors. It includes activities from placing an order to suppliers, … Read more