One thing I have seen in many years of helping businesses is the lack of knowledge on tax planning. As a business owner we think on a federal level not taking into consideration that their is taxes within the state and locally in counties. When building your business make sure that you identify different requirements for each state and business.
- Income Tax
- Self Employment Tax
- State taxes
- Local Taxes
- Federal Income Tax
- Employment Taxes
- Sales Tax
- Permits, Licenses
- Federal Tax Reporting Requirements
- Municipal and local county requirements
- Detail plain to account and pay for all taxes
- Quarterly
Business Tax
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