Tax Questions

azbizazbiz subscriber Posts: 3 Member
I haven't done business for a few years so I am a bit rusty with my knowledge.

Question 1)
Corporate Income Taxes are applied to the EBITDA correct? Not the entire gross amount a company makes.
Yes, I know EBITDA stands for Earnings Before Interst Taxes Depreciation Amortization.

Question 2)
On the IRS website, it states that you can deduct employee expenses, what are the stipulations on this? (Employees' Pay - You can generally deduct the pay you give your employees for the services they perform for your business.)

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