2022, income tax, tax accountant and tax consultant

Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

JANUARY 16, 2023

The term refers to when the IRS taxes the same income twice—once at the corporation level and again on an individual shareholder’s personal income tax. The IRS taxes corporations as separate legal entities, which opens them up to double taxation. The IRS then taxes them at the corporate income tax rate.

business tax

business tax Tax income tax payroll tax

What Happens if a Business Doesn’t File Taxes?

xendoo

JANUARY 26, 2023

Your tax status – Tax-exempt organizations and non-profits have different filing deadlines than for-profit businesses. The type of return you’re filing – Different returns, including IRS Form 1120 for corporation income tax, have different deadlines. The rate for overpayment of taxes is 5% per year.

Tax

Tax tax return Non-Profits Legal

Accountant Advocate

Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

What Happens if a Business Doesn’t File Taxes?

Webinars

Stay Connected