April 2023

If you own a limited liability company, or an LLC, how you pay yourself depends on how your organization is taxed. LLCs are unusual business structures which combine positive aspects of both sole proprietorship and corporations. They offer protection against personal liability while allowing you to record profits and losses on your personal income tax …

How To Pay Yourself as an LLC Read More »

Whether you’ve already formed a small business or you’re researching what it takes, understanding your small business’s potential tax liability can help you plan for the future. How much you’ll pay in taxes depends on your business structure. Corporations have a flat rate, while pass-through entities are taxed by the owner’s personal tax rate (usually …

How Much Do Small Businesses Pay in Taxes? Read More »