Posts Tagged ‘small business taxes’
How to Correctly Pay Yourself and Take Cash from Your Business in 2025
Many small business owners ask, “Should I put myself on the payroll?” The answer isn’t simple. Whether you are looking to maximize your qualified business income (QBI) deduction or take advantage of employee fringe benefits, incorrectly paying yourself wages can cause serious issues. In this article, we walk through the different ways the tax code…
Read MoreDo I Need to Pay Estimated Tax to the IRS?
If you are a small business owner or independent contractor, you probably need to pay estimated tax each quarter. Here is a guide to this obligation.
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