With tax season coming up, it’s a good time to look at some of the new tax laws that are expected to impact small businesses this year. We’ve compiled a list of five of the best articles from tax professionals to help you navigate the complex world of taxes in 2022.
With twenty-one states and the District of Columbia making important changes to their tax laws this year, some of which may impact small business owners, this article will help you understand whether your state has many any significant changes and how those changes might affect your business.
If your business makes income from a third-party site like eBay, Etsy, or through third-party payment providers like PayPal, Venmo or Cash App, that income will be reported to the IRS beginning in 2022 provided it is over $600. In the past, many such payments never made it onto sellers’ taxes, but the IRS is looking to correct that with this new law. Sellers on sites like eBay, Etsy and Amazon can expect to receive a 1099K form this year.
As a business owner, you’re undoubtedly curious what the tax rate will be for your company in 2022. This article from Lending Tree explains the tax rate for different types of entities for 2022, as well as personal tax rates.
The U.S. Government has an informative website online that can give you up-to-date information that relates to small business taxes. It’s all organized into specific topics, and there’s a lot of important, relevant information available.
If you’re not sure if your small business is ready for an accountant to help with taxes and other financial needs, this article from Forbes will help you decide when and why you might be ready for one.
Taxes and their associated laws can be convoluted and frustrating even for professionals, but by keeping up with the latest information like these articles we’ve presented here, you’ll be in a better position to deal with them.
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