LLCs can also elect to be taxed as S corporations (S corps) or C corporations (C corps). The S corporation tax status allows members to be taxed as employees of the business. This can reduce tax burden in certain circumstances. Visit ourLLC vs. S Corpguide for more information. ...
To determine the correct rate, the state has provided an online lookup tool. State employment tax: Unemployment tax (also called unemployment insurance tax) is paid quarterly to the Employment Security Department (ESD). Tax calculations are based on a rate supplied to your business by ESD and ...
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