As a campaign vendor, understanding billing practices and the distinction between commission and markup is essential. In this blog post, we’ll explore these concepts in detail and demonstrate how to accurately calculate each option. Gross vs. Net Rates First, let’s clarify the difference between gross and net rates. The gross rate represents the total amount…
How to Choose the Right Structure for Your Political Organization When launching a political business, selecting the appropriate business structure is a foundational step that will shape both the organization’s functionality and liability framework. The most common types of political business structures include sole proprietorships, partnerships, limited liability companies (LLCs), corporations, and non-profits. Each structure…
Self-employment taxes refer to the taxes that self-employed individuals are responsible for paying on their income. These taxes include Social Security and Medicare taxes, which are collectively known as FICA (Federal Insurance Contributions Act) taxes. As a self-employed individual, you are responsible for paying both the employer and employee portions of FICA taxes. The current…
