How did besdess bay taxes?
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All businesses must pay several different kinds of taxes, some easier to understand than others. Taxes for businesses come in several varieties: federal, state, and local.
There are also different types of taxes depending on various business activities, like selling taxable products or services, using equipment, owning business property, being self-employed versus having employees, and of course, making a profit.
If you are just starting your business, you need to know what taxes you'll be expected to pay. If your business has changed—if you have bought property or started hiring employees, for example—you'll need to know about the taxes on these activities.
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