income tax, New Jersey, payroll tax and tax services

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

xendoo

JANUARY 16, 2023

How Are Small Businesses Taxed? Depending on your business structure and income, you may be subject to one or more types of taxes. 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.

business tax

business tax Tax income tax payroll tax

New Jersey Enacts Payroll Tax “Convenience of Employer” Rule

Withum

JULY 28, 2023

Enacted on July 21, 2023, New Jersey A4694 creates a “Convenience of Employer” rule, affecting both employers and employees for payroll tax reporting purposes. This resulted in New Jersey losing significant tax revenue to New York’s rule.

New Jersey

New Jersey payroll tax payroll Tax

Accountant Advocate

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

New Jersey Enacts Payroll Tax “Convenience of Employer” Rule

Webinars

Stay Connected