Startup Tax Essentials for 2025 πΌπ
Launching a startup is exciting, but ignoring tax responsibilities can lead to costly surprises. Here are the key taxes every startup must understand to stay compliant and ahead in 2025.
1. Federal Income Tax
Every business must report earnings to the IRS. The type of business structure you chooseβLLC, S-Corp, or C-Corpβaffects how youβre taxed. Sai CPA Services can help you choose the right entity and handle your federal filings with confidence.
2. Self-Employment Tax
Startup founders earning profits instead of a salary are typically subject to self-employment tax, which includes Social Security and Medicare contributions. We ensure you're accurately calculating and planning for these costs.
3. Payroll Taxes
If you hire employees, you're responsible for withholding income taxes and paying the employer portion of Social Security and Medicare taxes. Sai CPA Services offers reliable payroll tax support to keep you compliant.
4. Sales Tax
Selling products or taxable services? You may need to collect and remit state sales tax. Rules vary widely, especially for online and multi-state sales. Our team can help you stay current with state-specific tax laws.
5. State & Local Taxes
Your location may require state income tax, franchise tax, or local business taxes. Sai CPA Services helps you understand and meet all your state and local tax obligations.
β Pro Tip: Partnering with Sai CPA Services ensures your startup is tax-ready, compliant, and financially organizedβso you can focus on growth with peace of mind.
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NJ 08816
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