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LLC vs. S corp: Which is right for your business and taxes? 

xendoo

Examples of business structures include: Sole proprietorship Partnership Limited liability company (LLC) S corporation (S corp) C corporation (C corp) Businesses often weigh the pros and cons of forming an LLC vs. S corp. Xendoo does online accounting , bookkeeping, and taxes for businesses, so it’s a question we answer frequently.

Tax 52
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LLC vs. S corp: Which is right for your business and taxes? 

xendoo

Examples of business structures include: Sole proprietorship Partnership Limited liability company (LLC) S corporation (S corp) C corporation (C corp) Businesses often weigh the pros and cons of forming an LLC vs. S corp. Xendoo does online accounting , bookkeeping, and taxes for businesses, so it’s a question we answer frequently.

Tax 52
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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate. For example, LLCs that opt for the IRS to tax them as corporations are subject to corporate tax rates.

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Save Thousands on Taxes With an S-Corp Election

SingleTrackAccounting

Yes, you will need to pay social security & medicare taxes on your W-2 income, but by running some of your profits through Owner payroll, the entire remainder of your net income is saved from paying ANY self employment tax. Even better, the business can write off your salary and it’s portion of your payroll taxes.

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Small Business Tax Filings – Everything You Need to Know to Avoid IRS Penalties!

LyfeAccounting

Form Schedule C is not actually a separate business tax return. Instead, it is a form that is attached to your personal tax return. The reason why it has the same due date as personal tax returns, April 15th. In addition, there would be an approximate 15% self-employment tax due on your business profits.