Bookstime

Increase your desired income on your desired schedule by using Taxfyle’s platform to pick up tax filing, consultation, and bookkeeping jobs. The business must also prepare and distribute Form W-2, Wage and Tax Statement, to all shareholder-employees by January 31. And, file Form W-3, Transmittal of Wage and Tax Statements, to the Social Security Administration […]

How your business reports and pays income tax depends on how it’s structured. Sole proprietorships, partnerships and some LLCs report business income on personal tax returns. The income is then subject to personal tax rates, which can affect the final tax amount. Businesses may also owe state and local taxes, depending on the type of […]