Looking for help in brining your tax records in order for 2022? Get a free tax checklist for Sole proprietor (US)
For a small business owner, taxes can be a confusing and difficult thing to navigate. With the introduction of Tax Cuts and Jobs Act of 2017, it becomes even more complicated for sole proprietors. That’s why we have compiled a list of the most important things you need to know for tax filing in 2022.
The new tax law requires that any sole proprietor who has an income from their business over $157,500 needs to file as a corporation rather than an individual. This is called “pass-through” income because it’s passed through from the business to the owners and then taxed at their individual tax rates.
2022 Small Business Tax Checklist For Sole Proprietors
U.S. SMALL BUSINESS TAX CHECKLIST
Use this checklist to gather the right information for your CPA, and help them reduce your tax bill.