Tax Rates for Small Businesses by State

When you’re starting off as a small business in any state, one of the biggest concerns you may have is the tax rates for small businesses. Depending on where your company resides, you may receive different tax rates which will affect your tax return and your budget for the following year. This is also something… Read more about Tax Rates for Small Businesses by State

The Differences Between an Arizona C Corporation Vs. an Arizona S Corporation

Business regulations are different depending on which state you reside in, which is why it’s important to know the difference between an Arizona C Corporation and an Arizona S Corporation. Many people believe that Arizona only allows a business to be elected as an S Corporation upon their original formation, but this is inaccurate. Your… Read more about The Differences Between an Arizona C Corporation Vs. an Arizona S Corporation

Different Types of Payroll Deductions (Infographic)

With every paycheck comes two different types of payroll deductions, along with other deductions that vary for each individual. The two consistent types of payroll deduction include federal withholding and state/local withholding. These deductions are taxed at different rates based on your employer, state, or taxable income. For instance, seven states have a flat tax… Read more about Different Types of Payroll Deductions (Infographic)

US Business Taxes Per State (Infographic)

Business taxes are the third largest source of federal revenue, after payroll taxes and individual income taxes. Regular companies are taxed as flow-through entities and business owners must include their allocated share of the businesses’ profits in their taxable income under the individual income tax. Based on the information given by the Tax Policy Center,… Read more about US Business Taxes Per State (Infographic)

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