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Professionals on the Move – August 2023

CPA Practice

Li has more than 25 years of experience providing federal and state tax compliance and consulting services to companies of all sizes across the manufacturing, real estate, technology, and private equity industries. Her areas of expertise include look-back reviews, taxability matrices and audit defense.

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

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This deduction ensures that you aren’t double-taxed on the same money. Other tax credits may be available to small business owners to offset some or all of the cost of paying self-employment taxes. To avoid paying self-employment taxes, consult a tax professional to discuss incorporating your business.