Owning a small business means collecting, managing and paying taxes. These include but are not limited to payroll tax, sales tax and corporate tax (or more depending if your business is operating outside of Canada). Sometimes business owners try to “save” on taxes by getting paid in cash. But are you actually helping your business
What taxes do small businesses pay? The answer depends on what country or region you are in, plus the type of business you have! No matter where you are, you have to pay taxes to someone. There are three types of taxes that most small business owners will have to pay: Sales Tax Payroll Tax
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