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HHM CPAs Teams Up With Bizzell, Neff & Galloway in Florida

CPA Practice

Founded in 1976 by Managing Partner Tom Bizzell, Bizzell, Neff & Galloway provides accounting, income tax, consulting, and financial services to individuals and business owners. This growth opportunity will enable us to better serve our clients in all markets and strengthen our firm’s capabilities.”

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

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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.