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

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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.

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Business Tax Credits to Lower Your Tax Bill

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You’ll also learn how to maximize their impact with the help of an experienced CPA or tax accountant. Small Business Tax Credits vs. Deductions Small business tax credits and deductions are valuable tools for reducing your tax bill. Tax credits are powerful tools. However, they work in different ways.