What Percentage Does a Small Business Pay in Taxes

Small Business Taxes, Tax Planning / ChrisHogan

What Percentage Does a Small Business Pay in Taxes? The percentage a small business pays in taxes varies widely but often falls between 20% and 30% of its net income. The exact tax rate depends on factors like business structure, location, and revenue. Owning a small business comes with its share of responsibilities—and taxes are […]

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What is a Principal Business Code for Taxes

What Is a Principal Business Code for Taxes? For business owners, accurately completing tax forms is essential to staying in compliance with the IRS. One piece of information the IRS often requires is a “Principal Business Code” (PBC). While this code may seem like just another number, it plays a significant role in defining your