General Tax Overview for Small-Business Startups

The U.S. is currently in a period of strong economic activity and the state of Washington has the top ranked economy of all U.S. states, according to a 2017 study by the credit reporting site WalletHub. It follows that there would be an increase in the number of small-business startups during this period. Most small-business startups make some kind of provision for Federal Income Taxes in their budgets. However, more than a few are surprised by the number of other federal and state taxes that they must report and pay.

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Veronica Whitney