Determine Your Tax Obligations

Tax obligations vary depending on the legal structure of the business. If you’re self-employed (sole proprietorship, LLC, partnership), you’ll claim business income on your personal tax return. Corporations, on the other hand, are separate tax entities and are taxed independently from owners. Your income from the corporation is taxed as an employee. Need more information? Contact us today! 

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Constantly Re-evaluate Your Methods

Small Business Accounting Survival Tip #6