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As an entrepreneur, understanding and managing your business taxes is a crucial aspect of maintaining a successful operation. Though the topic of business taxes can be daunting, this friendly and informative guide aims to simplify the process and provide you with the essential information needed to navigate the world of business tax.

Business taxes are levies imposed by the government on businesses’ income, profits, and certain transactions. The type and amount of taxes your business is required to pay will depend on factors such as your business structure, location, and revenue.