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Indiana

: Indiana Civil & Business Lawyer

Franchises and Taxes

The International Franchise Association has an article on taxes and franchises: Having a successful franchise depends a lot on whether the owner knows how to run the business. Knowing the rules is part of what helps franchisees to be successful.

"Topping the list of rules for running a successful small business is the U.S. Internal Revenue Service Tax Rule: pay what should be paid, when it should be paid. This could be easier said than done. Knowing which taxes a franchise is responsible for, and when those taxes should be paid is a key part of being successful. Estimated taxes on income from self-employment and self-employment taxes are just some of the most common type of taxes franchises may be responsible for paying."

Full post as published by Indiana Civil & Business Lawyer on January 06, 2008 (boomark / email).

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