No matter when you decide to start your new business, you should look to make certain you have a thorough understanding of the different taxes that must be paid. There are three different forms of taxes that need to be paid by any business owner, which are local, state, and federal taxes each business owner should be aware of. Among the commonly paid taxes that can be enjoyed include sales and use tax that are often charged at the local and state level. Many different levels of taxation need to be paid with 45 states imposing a sales tax at state-level and 37 that allow local governments to levy their sales and use taxes, according to the Tax Policy Center.
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by mac venucci
June 8, 2020