Tag: taxes
What is Form W-2? Definition (everything you need to know)
In January of each year, all workers get their Wage and Tax Statements, Forms W-2, detailing all salary, wage, and other payments made through the payroll system over the…
![How to File Taxes as a Business? [Complete Guide]](https://five.tax/wp-content/uploads/2023/03/pexels-photo-4049990.jpeg)
How to File Taxes as a Business? [Complete Guide]
To date, the Internal Revenue Service (IRS) estimates that there are approximately 25.5 million sole proprietorships in the United States. This is so, and here’s why: The formation of…
What is Payroll & How to do it? Complete Guide 2023
Welcome to the ever-evolving world of payroll! As we venture into 2023, businesses face a plethora of changes and challenges, making it more important than ever to stay informed…
Property tax help for low-income homeowners
Property Tax is the state-incurred direct tax. It can vary from the amount of property owned or inherited. It incurs regardless of the landlord’s payroll. Every taxpayer in the…
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S Corp Payroll Guide [2022]
For tax reasons, many businesses choose to be taxed as S Corporations rather than sole proprietorships because of the attractive tax benefits associated with doing so. However, you must…
Payroll for Restaurants: 2022 Guide
The restaurant industry is extremely competitive. It makes sense to seek ways to streamline the numerous facets of running a restaurant, especially in the wake of the recent epidemic…
![Payroll Tax Quick Guide [2023]](https://five.tax/wp-content/uploads/2023/03/pexels-helena-lopes-1015568-scaled.jpg)
Payroll Tax Quick Guide [2023]
Business owners, especially those heading up startups, often fantasize about the bright future that awaits them after their companies expand in terms of both size and profitability, necessitating the…
What You Need to Know About Tax Filing
Tax season has arrived, and everyone may find it challenging to file their taxes. Understanding the procedure and how to correctly file your taxes is crucial because errors could…
How to Appeal a Tax Decision
It can be difficult to appeal a tax decision, but it doesn’t have to be. You can effectively appeal the decision and obtain a good conclusion if you have…
Tax Planning for the Self-Employed
Planning ahead is crucial if you are a self-employed business owner and want to be sure you are handling your taxes appropriately and effectively. You can save money and…