Tag: tax rate

What is the tax rate for small businesses?
Jul, 22 2023 Benjamin Calderwood

What is the tax rate for small businesses?

In the complex world of taxes, it's crucial to understand the rates that apply to small businesses. Generally, the tax rate for small businesses in the U.S. can range from 10% to 35%, depending on the company's taxable income. However, it's important to note that these rates may vary by state and the business structure (like LLC, corporation, etc.). Additionally, small businesses may be eligible for certain deductions and credits, which can reduce their tax liability. So, it's always a good idea to consult with a tax professional to ensure you're in the know and compliant.

More

Recent-posts

The Critical Effects on K-12 if the Department of Education Shutters

Why does the Federal Reserve not want any of its money back?

Houston Cougars Stop Gonzaga Bulldogs' Sweet 16 Streak with Tournament Win

Injury Concerns Loom as Utah Jazz Prepare to Face Houston Rockets

Pacers Star Pascal Siakam Cleared to Play Game 1 Against Knicks After Elbow Injury Scare