Category Archives: business taxes

How is business income taxed?

When you own a business, there are many important details that you must attend to. Taxes are one of the items that should top your list when it comes to following the rules. Filing business taxes incorrectly could create long-term … Continue reading

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What can be used as proof of income?

Several places require proof of income for many different reasons. Income is important for determining your ability to pay back a loan, or in determining access to various health care insurance plans. Your income can impact your life in many … Continue reading

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What happens if you don’t report self-employment income?

Self-employment income is the money someone earns when they work for themselves. People who are freelancers and solopreneurs are obligated to report their income to the government. If they don’t, they can be charged with tax evasion. There are various … Continue reading

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How do you show proof of income for self-employment?

There are going to be times in life when you need to show proof of your income, and it’s important to know how to do this if you’re self-employed. For instance, you may be trying to get a car loan … Continue reading

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Can a corporation get a tax refund?

  Corporations and tax refunds, do the two mix? Do the two mix? Yes, but it depends on the business and situation. The tax circumstances are a large factor. C-corporations are the ones that usually get a tax refund. The … Continue reading

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