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Bookkeeping All-in-One For Dummies, 2nd Edition
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Bookkeeping All-in-One For Dummies, 2nd Edition

by Lita Epstein, John A. Tracy
August 2019
Intermediate to advanced content levelIntermediate to advanced
608 pages
15h 28m
English
For Dummies
Content preview from Bookkeeping All-in-One For Dummies, 2nd Edition

Chapter 4

Filing and Paying Business Taxes

IN THIS CHAPTER

Bullet Sorting out business legal structures

Bullet Filing sole-proprietor taxes

Bullet Reporting taxes on partnerships

Bullet Filing taxes for corporations

Bullet Reporting and paying sales taxes

Paying taxes and reporting income for your company are very important jobs, and how you complete these tasks properly depends on your business’s legal structure. From sole proprietorships to corporations and everything in between, this chapter briefly reviews business types and explains how to handle taxes for each type. You also get some instruction on collecting and transmitting sales taxes on the products your company sells.

Finding the Right Business Type

Business type and tax preparation and reporting go hand in hand. If you work as a bookkeeper for a small business, you need to know the business’s legal structure before you can proceed with reporting and paying income taxes on the business income. Not all businesses have the same legal structure, so they ...

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Publisher Resources

ISBN: 9781119592907Purchase book