Associated with
Olivia De Beukelaer
Posted May 10, 2021
•
6 min read
A beginner's guide to small business taxes
The definition of business tax is simple: it's the taxation on a business's income. The way that small businesses are taxed differs from larger corporations. The structure of the business you operate determines the type of taxes you must pay and how to pay them. There are five main business structures:
Corporations;
Limited Liability Company (LLC);
Partnerships;
S Corporations;
Sole Proprietorships.
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