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Your business structure impacts your income tax payments and the forms you use when you file your taxes. For federal income tax purposes, there are four major business types, each of which uses its own tax forms.
What is the structure of your business and which tax forms should you use?
Already feeling confused? Then start with this product. Whether you do your own taxes or use the services of an accountant, it is important for you to understand your own business. You need to know and understand the tax forms that apply to your business so you save the documentation you need for filing your taxes. Having a basic understanding of these forms will save you money on your taxes!
More about Accounting with Abby:
I am a tax accountant and the daughter of two educators. I’ve felt the positive
impact Teachers Pay Teachers can have on families. I have also seen the challenges educators face learning to manage a small business. I am here to offer solutions. You will find support specific to TpT to help you manage your business and understand your taxes.
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My goal is to teach you what you need to know to make the best decisions for your business. You CAN understand your own taxes. You can understand how tax law applies to your small business. When you take the time to learn in this area, you will be able to save more money and pay less in taxes. Plus, all my products are tax deductible!