TheGenieLab Blogs

If you're running a small business, there are certain taxes that are required to be paid. These taxes depend on your company's legal structure and its revenue. Some of the most common small business taxes include income tax, which covers social security and Medicare, sales tax, self-employment tax, property tax, and excise tax. What Common Taxe...

Excise tax and sale tax are two different types of taxes that you may encounter as a small business owner. It is important to know the difference between the two so you can navigate these types of taxes more easily. Excise taxes are generally imposed by the federal government or state governments on items such as gasoline, alcohol, tobacco, and...