Small Business Tax Essentials (PDF Only)

Small Business Tax Essentials 

This client material is an essential resource for business owners to navigate the complexities of small business taxes. This material showcases your expertise in helping businesses avoid costly penalties and remain compliant with IRS regulations.

Information Included (Front & Back):

• Overview of Business Structures & Tax Obligations: Explains how different business structures (sole proprietorships, partnerships, LLCs, S-corporations, C-corporations) affect tax filing requirements and rates.
• Self-Employment Tax Guide: Provides a breakdown of how to calculate self-employment taxes and discusses relevant tax rates for Social Security and Medicare.
• Deductions for Self-Employed Individuals: Outlines common deductions like home office expenses, office supplies, equipment, and travel.
• Annual Tax Filing Deadlines: Lists important tax filing deadlines for corporations, S-corps, and sole proprietors, including estimated tax payments.
• State and Local Tax Considerations: Discusses the varying tax obligations across different states and localities, helping clients avoid unexpected liabilities.

This material is designed to help small business owners make informed decisions about tax planning and compliance. It emphasizes key dates, deductions, and tax filing obligations, ensuring they are well-prepared for the upcoming tax season.

Updated for the 2024 tax year, this handout is an ideal tool for educating clients on small business tax essentials​