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Enjoy the Fruits of Your Labor

Enjoy the Fruits of Your Labor

The end of the year is a great time to plan out any changes to your financial operations such price increases, payment processing, estimates, and even enjoying the fruits of your labor by paying yourself first. Pegasus will sit down and talk you through a common sense...

Sales Tax Calculator Tool

Calculating sales tax can be a daunting task, however QuickBooks provides a free tool to help you do the work. It's always a good idea to consult with your accountant afterwards. I can come in review and make sure that you have everything in place and ready to get...

What is an Annual Report?

What is an Annual Report?

Most states require LLCs and Corporations to file an Annual Report. This report has different names, but the general idea is that you have to file a report and pay your state a fee each year to keep your business in “active” status. The due date to file and pay varies...

Sales Tax Primer – Part 2

Sales Tax Primer – Part 2

You may have to file and pay sales tax with multiple states if you have a physical or economic nexus in each state. A common example of an economic nexus is if your online store makes a certain number of sales (let’s say 200) or a certain amount of income in sales...

Sales Tax Primer – Part 1

Sales Tax Primer – Part 1

Should you be collecting sales tax on your sales? Here is a simple guide to determine if you should collect sales tax and how to set it up: Check the website for the comptroller in your state to find what products and services are subject to sales tax in your state....