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IRS Extends Deadline for California Taxpayers Impacted by Natural Disasters

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The October 16, 2023, deadline also applies to the quarterly payroll and excise tax returns normally due on January 31, 2023, and April 30, 2023. These payments will now be due on October 16, 2023, to be considered timely paid.

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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.