Startup Tax Essentials for 2025 💼📊
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 choose—LLC, S-Corp, or C-Corp—affects how you’re 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....