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