business tax questions?

[adrizzle05]

I am looking at tax information for businesses, but cant find much. Can someone tell me there percent of tax they paid for there business? What kind of taxes? Also, what kind of business do you own, LLC, Corporation, etc?

[JLeezer]

The first thing to look at is the projected profit of the company. Next, if the company is an LLC or an S-Corp, the profit will be passed through to the individual tax returns of the owners. Finally, depending on which state you are in you will have different tax brackets. I have our business incorporated in the state of Tennessee, but have not yet had to file a tax return. However, I expect that our tax liability will be rather low partially due to the fact that we did only $20-30k in revenue last year, plus any earnings we did show should be able to be kept in the company at a very low tax rate as cash on hand for expansion.

[JLeezer]

Also, at the top of this page there is a Search menu. Click it and then search for taxes. You should find a few threads with some information.

[latinolive]

A number of factors going into calculating the tax base, contingent upon the type of corporation you are. A great FREE ebook resource that I just found and posted under General Business Forum is Business Start Up - Start Your Own Business. Great ebook written by attorneys with TONS of helpful links in today's internet world. I just can't spoke speaking about this free article. It has totally blown me away.

[rogercbryan]

I am looking at tax information for businesses, but cant find much. Can someone tell me there percent of tax they paid for there business? What kind of taxes? Also, what kind of business do you own, LLC, Corporation, etc?

Where exactly are you looking? I typed 'business tax questions' into Google and came up with over 6,200,000 sites about this topic..... My advice to you based on your post is to call a CPA as you seem to need someone else to do this for you anyways....