What kinds of taxes does a small business have to pay every year? When you start a small business, you might hear a lot about all the tax breaks you’ll get. While there are tax breaks for businesses, it’s also important to know about all the taxes you’ll be responsible for each year. Here’s an overview of different business taxes you may need to pay and where to find out more information on each of them.
Federal Income Taxes
Everyone has to pay federal income taxes. The way you’re taxed and the forms you fill out will vary depending on the structure of your business.