Confused About Small Business Taxes? Get Help from the SBA
Income tax, estimated tax, self-employment tax, social security tax, federal unemployment tax … ack! Are you confused yet? Don’t have “people” to help you figure out which taxes your small business needs to pay?
Before you tear your hair out in sheer frustration, check out the tax resources that are available on the Small Business Administration (SBA) website. The SBA’s online tax section is made for small business dummies. You can literally know nothing about taxes, read the info on the website, and walk away knowing exactly what you need to do.
This guide covers everything from federal taxes to state and local taxes. You will find out exactly which taxes you need to pay, depending on whether you are incorporated, whether you have employees, and a whole bunch of other factors.
Business taxes can be confusing, and just because you own a small business doesn’t mean you automatically know what to do. If you don’t already know which business taxes you are responsible for, do yourself a favor and read through the SBA tax section. You’ll save yourself a lot of trouble with the government later on. And you know what they say about the government:
“It’s a darn good thing we don’t get all the government we pay for!”
When it comes to small business taxes, you definitely need to do the right thing, and then do things right. Get the scoop on the SBA website:
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