There’s a lot to consider when you start a company. One is the overall costs of opening your business, whether an LLC or a non-profit organization. Obtaining an Employer Identification Number (EIN), a nine-digit number provided to your business by the IRS for tax purposes is important. But how much does an EIN cost? It […]
As a business owner or someone in charge of employing people, there will be a time when you’ll be asked to present your Employer Identification Number (EIN). This is the piece of information kept on record by the IRS and helps them to keep track of information like tax reporting, the nature of your business, […]
As a business owner or sole proprietor, you may have heard the terms Federal Employer Identification Number (FEIN) and Employer Identification Number (EIN) used interchangeably. Being in the new business world, it’s perfectly reasonable to ask yourself, “is a FEIN and an EIN the same?”. As far as their functionality is concerned, there is no […]
Applying for official government documentation can seem like a lot of admin. However, getting an Employer Identification Number (EIN) is an easy process and has several benefits attached to it. Aside from helping to keep your personal and business finances separate, EIN benefits include personal security and credibility. Keep reading to understand more about the […]
Often businesses are required to provide their employer identification number (EIN) for tax purposes, mainly to verify their tax status with the IRS. The nine-digit EIN is what determines this. Because an EIN is not something many businesses have to reference regularly, it is often misplaced or forgotten. Luckily, there are several systems businesses can […]
All new business owners need to have an Employee Identification Number (EIN) to disclose their tax status with the IRS system. This information is required for businesses to be able to submit tax reports and apply for certain types of licensing and business loans. The IRS issues EINs at no cost to the company. All […]