Carolynn

In Maryland, most businesses need licenses and permits to operate legally. The requirements vary based on business type, location, and products/services offered. Food businesses require more licenses as they impact health. Contact the Department of Assessments and Taxation for a business license. Obtaining Licenses Separate licenses are needed for each location, and the process typically … Read more

Profit Margin in the Beer Business The profit margin on bottled beer is typically around 75%, while for draft beer it is about 80%. Brewery Profitability Factors like specialty beers, direct distribution channels, and taproom sales boost margins. Profit per Barrel and Keg of Beer What is the profit per barrel of beer? What is … Read more

Contractors often apply a markup to materials to cover the costs associated with purchasing, sourcing, storage, and delivery. Typical markups on materials can range from 7.5% to 20%, depending on various factors, such as the type of project and the contractor’s overhead. It’s not uncommon for projects to exceed original estimates by 5% to 20%. … Read more

Importance of an LLC Operating Agreement An LLC operating agreement is highly advisable in Massachusetts to establish rights and responsibilities of members and managers. This internal document is not filed with the state. Having an operating agreement will set clear rules and expectations for your LLC. We provide free tools and templates to get your … Read more

Self-Employment Taxes and Tax Brackets The self-employment tax rate is 15.3%. If your total income is more than $200,000 as a single filer or $250,000 if married and filing jointly, you’ll pay the Additional Medicare Tax of 0.9%. Sole proprietors must pay federal income tax and self-employment tax. To calculate federal income tax, subtract deductions … Read more

Overview of IBPS Clerk Exam The difficulty level of the IBPS clerk exam is easy to moderate. The clerk exam is easy for candidates who understand exam patterns and current competition levels. Compared to PO exams, the Clerk exam is quite easy to clear. The overall questions are relatively easy to clear. One has to … Read more