Understanding Business Tax: What You Need to Know
As a business owner, taxes are an inevitable part of running your company. Understanding the ins and outs of business tax can be overwhelming, but it is crucial to ensure that you are fulfilling your tax obligations and maximizing your deductions. Types of Business Taxes There are various types of business taxes that you may be responsible for depending on the structure of your company. The most common types include income tax, self-employment tax, employment taxes (such as Social Security and Medicare), excise taxes, and sales tax. Read More»