As a Business Owner, it can be difficult to know all of the Taxes that apply to you. Often times, you may not be aware of a Tax filing requirement until a notice is received. Here are the most common Tax Filing Requirements applicable to Businesses:⠀⠀⠀⠀⠀⠀⠀⠀⠀
- Income Tax⠀⠀⠀⠀⠀⠀⠀⠀⠀
- Estimated Taxes⠀⠀⠀⠀⠀⠀⠀⠀⠀
- Self Employment Tax⠀⠀⠀⠀⠀⠀⠀⠀⠀
- Employment Taxes⠀⠀⠀⠀⠀⠀⠀⠀⠀
- Excise Tax⠀⠀⠀⠀⠀⠀⠀⠀⠀
The form of business you operate determines what taxes you must pay and how you pay them. Also, depending on your Product & State, additions taxes may be required such as Sales Tax or Use Tax. Does this sound confusing? Is this a topic you would like a Tax Tip Live about? Comment ‘YES’ below!⠀⠀⠀⠀⠀⠀⠀⠀⠀