What are the taxes for business owners in the USA?
As a business owner in the USA, it's crucial to understand the various taxes you'll encounter. You're likely to deal with income tax, as businesses must report all earnings and losses to the IRS. Depending on your business structure, you may also be liable for self-employment tax, which covers Social Security and Medicare. Additionally, don't forget about sales tax, which varies by state and is collected from customers on goods and services. Lastly, property taxes may apply if your business owns real estate.
