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4 Ways Small Business Owners Can Stay Tax Compliant

xendoo

JANUARY 6, 2022

By keeping your books up-to-date, you can be confident that you are reporting your income and expenses correctly, paying the proper amount in taxes, and paying your estimated taxes in a timely manner, which produces a stress-free tax season. Pay Self-Employment Tax. Pay Quarterly Estimated Taxes .

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The Small Business Guide to Revenue vs. Profit

xendoo

MAY 8, 2022

But they also had other income of $1,186, so total income before taxes accounted for $71,102. Provision for income taxes totaled $9,831. To get the net income, we subtract the provision for income taxes from the total income before taxes, which gives us our final figure of $61,271 million.

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4 Ways Small Business Owners Can Stay Tax Compliant

The Small Business Guide to Revenue vs. Profit

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