11 Things You May Not Know about Small Business Taxes

BARBARA WELTMAN | March 8, 2019

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Dealing with taxes is a fact of life for small business owners. Annual expenditures for taxes for most owners are likely their largest outlay each year, exceeding rent or mortgage payments, marketing costs, and vehicle expenses (the only possible larger expenditure is payroll). Beyond payments to the government for all of the taxes you pay—income taxes on profits; Social Security, Medicare, and other employment taxes like sales taxes (collected from customers), property taxes, and excise taxes—there are other tax-related costs: your time and effort in record keeping and fees to your tax advisors. So, taxes are a big deal.

Spotlight

OpticsPlanet, Inc.

Founded in 2000, OpticsPlanet, Inc. is the leading online destination for technical and high-performance gear. We cater to enthusiasts and professionals, to those who are passionate about their jobs, serious about their recreation, and devoted to their service to others. To them we offer the broadest selection of quality products - over 700,000 from 2,500 top brands in 300 niche specialty categories - great prices, unrivaled customer service, and an incredibly knowledgeable team. They call it "value proposition"​ in business schools; we just call it "common sense."​

OTHER ARTICLES

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A Complete Set of Guidelines for More Measurable Marketing Campaign

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For example, Google Analytics provides information like: Who visited your webpage? Which customers are coming back? From where do they come? Traffic generation Conversion rate Click-thru rate (CTR) Cost per click (CPC)" } },{ "@type": "Question", "name": "What are the benefits of a campaign evaluation survey?", "acceptedAnswer": { "@type": "Answer", "text": "Here are few benefits of a campaign evaluation survey: Demonstrate your efficiency or accomplishments Determine whether you are on track Regular campaign evaluation enables you to maximize the effect of your efforts. In addition, monitoring and assessment will aid businesses in planning future campaigns and initiatives." } }] }

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Spotlight

OpticsPlanet, Inc.

Founded in 2000, OpticsPlanet, Inc. is the leading online destination for technical and high-performance gear. We cater to enthusiasts and professionals, to those who are passionate about their jobs, serious about their recreation, and devoted to their service to others. To them we offer the broadest selection of quality products - over 700,000 from 2,500 top brands in 300 niche specialty categories - great prices, unrivaled customer service, and an incredibly knowledgeable team. They call it "value proposition"​ in business schools; we just call it "common sense."​

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