Top

Small Business Tax Rates: How Much Businesses Actually Pay in Taxes

Based on an SBA study, small businesses pay an average tax rate of 19.8%. The actual tax rates that apply to small businesses vary significantly based on business entity, income, deductions, tax credits, and rates in effect for the year. Small C-corporations have the lowest average tax rate at 17.5%.

Bench, the sponsor of this article, can get your books tax-ready. A free trial of Bench includes one month of bookkeeping and preparation of a set of financial statements for you to keep. Signing up takes just a few minutes and no credit card is required.

Read More on Fit Small Business