Business Compliance
Small businesses struggle to succeed, often due to inadequate planning and oversight. A significant factor in this failure is the lack of upkeep with regular filings at the local, state, and federal governments, which can lead to penalties or even business shutdowns. At Paisley Business Services, our compliance package is designed to safeguard your business against these risks. We help ensure that your filings are up to date, allowing you to focus on growth and success without the fear of non-com issues.
Starting as low as $199 per year
Annual Reporting to the State In most states, with the exception of a few, businesses are required to file some sort of annual report, which essentially tells the state, "Yes we're still operating. Here's the details that have changed since last year. And here's what we made last year." Failure to file these reports typically leads to the state eventually assuming that the business is no longer operating, and them terminating the business (called an administrative dissolution). This can be easily avoided with Paisley Business Services' annual compliance plan.
Annual Reporting to the IRS Unlike state filings, there's no single "annual report" you send to the federal government — instead, what you're required to file depends on how your business is structured. LLCs typically report their income through the owners' personal tax returns, while corporations file their own separate return. Non-profits have their own form called the 990, which is essentially their way of showing the IRS (and the public) how money came in and where it went. The specifics can get a little complicated depending on your situation, but the bottom line is this: every business has some kind of federal filing obligation each year, and missing them can mean penalties, back taxes, or worse. Paisley Business Services' annual compliance plan takes the guesswork out of it so you always know what's due and when.
Quarterly Reporting & Payments Depending on your business activity and how much you earn, both the state and the IRS may require you to make payments and file reports every quarter — not just once a year. For the state, this usually comes in the form of sales tax collections. For the IRS, it's estimated tax payments, which is essentially the government's way of making sure you're paying your taxes throughout the year instead of all at once in April. Not every business hits the thresholds that trigger these requirements, but if yours does and you're not staying on top of them, the penalties and interest add up quickly. Paisley Business Services' annual compliance plan helps make sure nothing falls through the cracks.
Trade Name Publishing & Renewals If your business operates under a name that isn't its legal registered name — commonly referred to as a trade name, assumed name, fictitious business name, or "doing business as" (DBA) — most states require you to formally register that name, and in some cases, publicly announce it by publishing a notice in a local newspaper. On top of that, these registrations don't last forever; depending on the state, they need to be renewed every few years or they simply expire. It's one of those easy-to-forget administrative tasks that can quietly lapse while you're focused on everything else. Paisley Business Services' annual compliance plan keeps track of your renewal dates so your trade name stays active and protected.
Licensing & Permitting Renewals Most cities and counties require businesses to hold a local business license just to legally operate within their jurisdiction — and in many cases, you may need one for every location where you do business. These licenses aren't a one-time thing; they need to be renewed regularly, typically on an annual basis. The deadlines and fees vary from place to place, and it's easy to lose track of them when you're juggling everything else that comes with running a business. Let one expire, and you're technically operating without a valid license, which can come with fines or other headaches. Paisley Business Services' annual compliance plan keeps your licenses current so that's one less thing you have to worry about.