tax accounting

What Types of Taxes Do Businesses Need to Account For?

Businesses need to account for various types of taxes, including:
Income Tax: Tax on business profits.
Sales Tax: Tax on the sale of goods and services.
Payroll Tax: Tax on employee wages.
Property Tax: Tax on business-owned property.
Excise Tax: Tax on specific goods, such as fuel and alcohol.

Frequently asked queries:

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