When you’re running your own business, tax obligations are often on your mind. If you have not yet started your own business, taxes should be a factor you evaluate. Whether you take care of your own tax matters or have a tax professional handle them, you and your business are the ones liable in the end. While federal obligations may seem overwhelming enough, don’t forget about your state tax obligations. Many requirements are imposed at a state level, and complying with them is critical. Each state has different taxes imposed on businesses and different ways of calculating the tax due. Common state-level taxes include: income, franchise, sales, property and use tax. Retaining a good accountant or other tax professional can prove invaluable in sorting out your tax matters.
For more information on small business taxes, contact a Nevada Corporate Headquarters representative at 1-800-508-1729.