Small Business Tax

The small business tax is quite different than the corporate tax. In most states, the effective small business tax rate is at somewhere between %15 and %20. However, this depends on what kind of entity the ”small business” is. Find tax rates for all small businesses.

  • Florida Business Taxes

    Florida Business Taxes

    Florida business taxes are critical to any small business’s financial planning. The type of tax you owe depends on your…

  • MySBA Loan Portal - SBA's New Online Portal For Loans

    MySBA Loan Portal – SBA’s New Online Portal For Loans

    The MySBA Loan Portal is a new website that helps you track the status of your SBA loan. It also…

  • What Happens If I Fail to Pay My Taxes

    What Happens If I Fail to Pay My Taxes?

    If you owe taxes and fail to pay them, the IRS will try to collect them. It will levy penalties…

  • Qualified Small Business Stock (QSBS)

    Qualified Small Business Stock (QSBS)

    Investing in small businesses can be risky, but the potential for high returns makes it an attractive option for many…

  • Form 2553 PDF

    Form 2553 PDF

    Changing the classification of a corporation from S-corporation to C-corporation reduces a corporation’s tax liability by transforming it into a…

  • What is IRS Form 2553?

    What is IRS Form 2553?

    The IRS Form 2553 is the form that allows small businesses to register themselves as S corporations to save on small business…

  • How to pay small business taxes

    How to pay small business taxes?

    Federal income taxes for both businesses and individuals are pay-as-you-go tax. There are two ways to pay taxes as you…

  • Small Business Tax Rates 2020

    Small Business Tax Rates

    Unlike corporations, small businesses are owned mostly by individuals. All partnerships, sole proprietorships, and LLCs are exempt from business taxes…

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