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2. 20 valuable small-business tax deductions - AOL

   www.aol.com/finance/20-valuable-small-business...

   Bankrate insight. A marketing business owner travels across the U.S. to meet clients. In 2023, they traveled 5,000 miles in total. They can deduct $3,275 ($0.655 for 2023 standard mileage rate x ...

3. How to Calculate a Business Owner’s Salary - AOL

   www.aol.com/finance/calculate-business-owner...

   “A salary can provide a steady income and predictable tax deductions for the business, but it means higher payroll taxes,” wrote Cunningham & Associates, LLC. “An owner's draw may offer more ...

4. What Is Tax Liability? - AOL

   www.aol.com/finance/tax-liability-160008169.html

   Besides owing taxes as an individual on taxable things like earned income and asset sales, tax liability also applies to income a small-business owner might incur while running their company.

5. Self-employment - Wikipedia

   en.wikipedia.org/wiki/Self-employment

   Self-employed persons report their business income or loss on Schedule C of IRS Form 1040 and calculate the self-employment tax on Schedule SE of IRS Form 1040. Estimated taxes must be paid quarterly using form 1040-ES if estimated tax liability exceeds $1,000.

6. Partnership taxation in the United States - Wikipedia

   en.wikipedia.org/wiki/Partnership_taxation_in...

   While Subchapter K is a relatively small area of the Internal Revenue Code, it is as comprehensive as any other area of business taxation. The recent emphasis by the Internal Revenue Service (IRS) to stop abusive tax shelters has brought about an onslaught of regulation [citation needed].

7. Corporate tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Corporate_tax_in_the...

   This tax is imposed at the same rate as the tax on business income of a resident corporation. [ 72 ] The U.S. also imposes a branch profits tax on foreign corporations with a U.S. branch, to mimic the dividend withholding tax which would be payable if the business was conducted in a U.S. subsidiary corporation and profits were remitted to the ...