Nu-Idee LLC - Explains The 5 Basic Business Taxes

Fort Myers FL

08 July, 2021

11:01 AM

Description

What Are The 5 Basic Types of Business Taxes?1️⃣.  Estimated taxes: Quarterly estimated tax payments should be made in order to cover income tax on income not subject to withholding and  self-employment tax.2️⃣. Employment taxes: An employer should report and deposit federal income tax withholding, Social Security and Medicare (FICA) taxes (you pay the half), and Federal Unemployment (FUTA) tax.3️⃣. Income taxes: All businesses file an annual income tax return; however, partnerships must file an information return.4️⃣. Sales taxes: Some businesses may need to collect taxes on sales and send them to their states in which they do business.5️⃣. Self-employment taxes: It is for sole proprietors, general partners, and normally limited liability company members.Call Nu-Idee Bookkeeping and Tax Preparation Services of Cape Coral for All Your Tax Needs.https://www.facebook.com/NuIDeeLLChttps://g.page/Nu-IDee?sharehttps://nu-ideellc.com/Nu-IDee LLC513 NW 4th Terrace, Cape Coral, FL 33993239-205-2332Bookkeeping Cape CoralBookkeeper Cape CoralTax Preparation Service Cape Coral Tax Service Cape Coral