![]() ![]() Partnerships file an information return (1065 form). Income TaxĪll businesses except partnerships must file an annual income tax return. More information can be found by reading this publication. To learn more about these taxes please visit the IRS guide to business taxes. The federal government levies four basic types of business taxes: Income tax, self-employment tax, taxes for employers, and excise taxes. There are several factors that determine how much federal income tax a business must withhold. Federal TaxesĮmployers are required to withhold federal income taxes, Social Security, and Medicare taxes. You can enter the city and county you will be opening a business to see the tax rates via the Alabama Department of Revenue’s website. City and County Tax RatesĪll city and counties have different tax rates across the State of Alabama. City and County Business FormsĬity and County business forms can be obtained from your local city and county business license office. To find your County website, Small Business Development Center, Taxpayer Service Center, Business License office(s), and Chamber(s) of Commerce in your area, please visit the appropriate County Directory for the county you are interested in or Municipal Directory to access specific town or city business forms. For more information on acquiring an Alabama Sales Tax Number and/or Alabama state tax reporting go to the Alabama Department of Revenue’s website. The Alabama Business Tax Online Registration System is located here. Alabama Department of Revenue Website – Business and License SectionĪll businesses in Alabama that sell personal property to a user and collects sales tax must have an Alabama Sales Tax Number.If your industry is regulated by a board, commission, association, etc., you may be required to present their certification prior to receiving the state/county business license. Multiple licenses may be required based on your business operations. Check with the city to determine if a city license is required. Some businesses require a state/county business license. Learn more about Withholding tax account numbers at the Alabama Department of Revenue’s website. Alabama Income Tax Withholding NumberĪll businesses in Alabama that hire employees and pays wages must file with the State of Alabama to obtain an Alabama income tax withholding number. Because of the complexity of the process, licensing and tax information should be given particular attention. Additionally, taxes must be filed at the federal, state, county, and city levels. Often, different business licenses may be required from city and county levels. When starting or expanding your small business, obtaining appropriate business licenses and filing for taxes is a tedious but extremely important process.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |