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.

  • Nov- 2022 -
    6 November
    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…

  • Sep- 2022 -
    1 September
    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…

  • May- 2020 -
    19 May
    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…

  • Feb- 2020 -
    15 February
    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…

Back to top button