article thumbnail

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

xendoo

How Are Small Businesses Taxed? Depending on your business structure and income, you may be subject to one or more types of taxes. Other than income tax, your small business may be subject to payroll taxes, self-employment taxes, and more. You’ll also withhold income tax from employees’ wages.

article thumbnail

Monday Morning Accounting News Brief: PwC Is Turning Work Down?; TIL the President of Nigeria Worked at Deloitte | 9.11.23

Going Concern

Heredia, 29, started an accountant job at a small Tampa, Florida firm, with the promise that her $60,000 base salary would rise to $100,000 after one year. New data from payroll processor ADP, released this week, show that promotions increase the chance that a person will leave their job. Her eventual salary—$90,000, plus commissions.

Account 111