Personal or Business Tax Filing: Which to Choose

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Filing taxes can be stressful. But when you’re a small business, knowing the line between personal filing or business filing can seem a little blurry. This is especially true if you’re a sole proprietor.

But it doesn’t have to be confusing; there are different requirements for filing depending on how your business is organized.

Business Taxes vs. Personal Taxes

Business and personal taxes have one thing in common: they are based on taxable income. But how you pay income taxes depends on the business structure.