subject: How To Deal With New Business Structure And Tax Considerations [print this page] Income tax: This is the tax that any individual or business has to pay to the federal government, and it depends on the income or the revenue earned. If you are in business, you can enjoy certain deductions. These include your vehicle mileage, mortgage costs or home rent, supplies, equipment, business leases and others like this.
How To Deal With New Business Structure And Tax Considerations