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Why Do LLC Pay Less Taxes?

Limited Liability Companies (LLCs) often enjoy certain tax advantages compared to other business structures, such as corporations. Why Do Some LLCs Pay Less in Taxes? Pass-Through Taxation - By default, LLCs are treated…
March 20, 2024

Do You Pay Taxes On Sales Or Profit?

Taxes are typically paid on profit rather than sales. Profit, in the context of business taxation, refers to the income remaining after deducting business expenses from total sales revenue. Breakdown on Understand…
March 19, 2024
Will The IRS Notice If I Don't Pay Taxes?

Will The IRS Notice If I Don’t Pay Taxes?

The IRS (Internal Revenue Service) has various mechanisms in place to detect and address instances of non-compliance with tax obligations, including failure to pay taxes. While it's not possible to predict with…
March 18, 2024
What States Have 0 Business Tax?

What States Have 0% Business Tax?

Several states in the United States do not levy a corporate income tax on businesses. However, it's essential to note that even in states with no corporate income tax, businesses may still…
March 17, 2024
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