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  2. Tax Deductions for Small Businesses - AOL

    www.aol.com/finance/tax-deductions-small...

    Entrepreneurs have no shortage of responsibilities — or business expenses — that can often feel overwhelming, especially during tax season. Fortunately, small business owners are often ...

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

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

    There are two common ways small business owners can ... It Help Small Businesses?] Tax implications of different salary structures. Salaries and owner’s draws have different tax responsibilities ...

  4. 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 ...

  5. Internal Revenue Service - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Service

    Small Business/Self-Employed Division – administers tax laws governing small businesses and self-employed taxpayers Collection – collects delinquent taxes and secures filing of delinquent tax return; Examination – reviews returns to ensure taxpayers have complied with their tax responsibilities

  6. Sole proprietorship - Wikipedia

    en.wikipedia.org/wiki/Sole_proprietorship

    The business owner is personally liable for income tax and National Insurance contributions due on the business profits in each tax year. They are also personally liable for any debts the business incurs. Business analysts may advise sole traders to form a limited company in order to access greater levels of financing, for example for expansion ...

  7. Tax Credits Small Businesses Don't Know They Qualify For - AOL

    www.aol.com/tax-credits-small-businesses-dont...

    The Small Business Health Care Tax Credit is designed to help small businesses afford health insurance for their employees. If you have fewer than 25 full-time equivalent employees, pay average ...

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