What Taxes Do Small Businesses Pay? All businesses have tax filing and compliance obligations, but whether any tax is owed — and which taxes apply — varies by business type and activity. For federal tax purposes, common categories include...
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Understanding Small-Business Quarterly Estimated Taxes The federal tax system is designed for pay-as-you-go compliance. When income is not subject to withholding — as is often the case with business profits — you are expected to send payments directly to...
Is an S Corporation Election Right for Your Business? An S corporation is a tax election that changes how your business’s profits are treated. Instead of paying self-employment tax on your net income, you pay yourself a salary through...