Primer: Corporate Income Taxes Michigan

If you have chosen to incorporate your business, you must file and pay federal income taxes, and, in many cases, state and local income taxes as well.

Local Companies

Accurate Tax & Financial Planning Services, Co.
(248) 298-2966
1505 E Eleven Mile Rd.
Royal Oak, MI
Iseler Scott C Business
(989) 428-4216
6869 Kinde Rd
Port Hope, MI
J L Boyle International
(734) 665-9514
3285 Miller Rd
Ann Arbor, MI
Sdi Consulting Llc
(616) 988-4302
180 Monroe Ave NW
Grand Rapids, MI
Human Synergistics International
(734) 459-1030
39819 Plymouth Rd
Plymouth, MI
Business Resource Group
(616) 696-5462
8450 16 Mile Rd NE
Cedar Springs, MI
Material Handling Systems
(248) 853-5660
1602 Star Batt Dr
Rochester Hills, MI
Disability Management
(231) 929-1578
620 2nd St
Traverse City, MI
Michigan Education Association
(248) 583-9198
30701 Barrington St
Madison Heights, MI
Right Management
(616) 956-5557
2851 Charlevoix Dr SE Ste 310
Grand Rapids, MI



If you have chosen to incorporate your business, you must file and pay federal income taxes, and, in many cases, state and local income taxes as well.

If you are a C Corporation, you will pay income taxes on income left over after business expenses. These taxes are calculated on a sliding scale that usually increases as your income rises. You may also be liable for other taxes, such as personal-holding-company taxes and the accumulated-earnings tax. You should consult with your tax advisor to see exactly what corporate income taxes apply to your company.

If you are an S Corporation, your company, in most cases, will not pay direct taxes. Instead, the income or loss is passed on directly to the shareholders, who pay the tax at the personal rate. Be aware that some states do not recognize S corporation status and tax the company directly. No matter what kind of corporation you are, your federal corporate returns are due a month prior to personal income tax returns -- the fifteenth day of the third month after the company's fiscal year ends. So, if your year ends on December 31, your tax return is due March 15, instead of April 15. Corporate estimated taxes are due on the 15th day of the fourth, sixth, ninth, and twelfth month after the end of the fiscal year. For a year ending on December 31, that would be April 15, June 15, September 15, and December 15.

Featured Local Company

Accurate Tax & Financial Planning Services, Co.

(248) 298-2966
1505 E Eleven Mile Rd.
Royal Oak, MI

Related Articles
- Primer: Personal Income Taxes (sole proprietorships, partnerships) Michigan
If you operate a sole proprietorship or partnership, you must pay city, state, and federal income tax just like anyone else and you are responsible for paying it directly to the government. Federal income taxes must be paid in estimated quarterly payments. These payments are due in four installments on: April 15, June 15, September 15, and January 15. These federal taxes will cover your self-employment tax which includes social security and Medicare. This self employment tax makes working for yourself expensive because when you had a boss, your employer paid for half your self-employment tax and you paid the other tax. You will now be responsible for all of it, although a portion of it is deductible.
- How To Deal with Home Business Taxes Michigan
- Incorporate Out of State? Michigan
- Common Business tax mistakes Michigan
- Primer: Employment Taxes Michigan
- Nonprofit Corporations FAQs Michigan
- Business Income Taxes Michigan
- Avoid These Common Errors and Audit Triggers Michigan
- Deciding whether to incorporate out of state Michigan
- S Corporation Facts Michigan
Regional Articles
- Primer: Corporate Income Taxes Adrian MI
- Primer: Corporate Income Taxes Allegan MI
- Primer: Corporate Income Taxes Allen Park MI
- Primer: Corporate Income Taxes Alpena MI
- Primer: Corporate Income Taxes Ann Arbor MI
- Primer: Corporate Income Taxes Auburn Hills MI
- Primer: Corporate Income Taxes Battle Creek MI
- Primer: Corporate Income Taxes Bay City MI
- Primer: Corporate Income Taxes Belleville MI
- Primer: Corporate Income Taxes Benton Harbor MI
- Primer: Corporate Income Taxes Berkley MI
- Primer: Corporate Income Taxes Big Rapids MI
- Primer: Corporate Income Taxes Bloomfield Hills MI
- Primer: Corporate Income Taxes Brighton MI
- Primer: Corporate Income Taxes Burton MI
- Primer: Corporate Income Taxes Cadillac MI
- Primer: Corporate Income Taxes Canton MI
- Primer: Corporate Income Taxes Cheboygan MI
- Primer: Corporate Income Taxes Clarkston MI
- Primer: Corporate Income Taxes Clinton Township MI
- Primer: Corporate Income Taxes Clio MI
- Primer: Corporate Income Taxes Coldwater MI
- Primer: Corporate Income Taxes Commerce Township MI
- Primer: Corporate Income Taxes Comstock Park MI
- Primer: Corporate Income Taxes Davison MI
- Primer: Corporate Income Taxes Dearborn Heights MI
- Primer: Corporate Income Taxes Dearborn MI
- Primer: Corporate Income Taxes Detroit MI
- Primer: Corporate Income Taxes Dowagiac MI
- Primer: Corporate Income Taxes East Lansing MI
- Primer: Corporate Income Taxes Eastpointe MI
- Primer: Corporate Income Taxes Eaton Rapids MI
- Primer: Corporate Income Taxes Escanaba MI
- Primer: Corporate Income Taxes Farmington MI
- Primer: Corporate Income Taxes Fenton MI
- Primer: Corporate Income Taxes Ferndale MI
- Primer: Corporate Income Taxes Flat Rock MI
- Primer: Corporate Income Taxes Flint MI
- Primer: Corporate Income Taxes Flushing MI
- Primer: Corporate Income Taxes Fort Gratiot MI
- Primer: Corporate Income Taxes Fraser MI
- Primer: Corporate Income Taxes Garden City MI
- Primer: Corporate Income Taxes Gaylord MI
- Primer: Corporate Income Taxes Gladwin MI
- Primer: Corporate Income Taxes Grand Blanc MI
- Primer: Corporate Income Taxes Grand Haven MI
- Primer: Corporate Income Taxes Grand Ledge MI
- Primer: Corporate Income Taxes Grand Rapids MI
- Primer: Corporate Income Taxes Grandville MI
- Primer: Corporate Income Taxes Grosse Pointe MI
- Primer: Corporate Income Taxes Hamtramck MI
- Primer: Corporate Income Taxes Harper Woods MI
- Primer: Corporate Income Taxes Harrison Township MI
- Primer: Corporate Income Taxes Hazel Park MI
- Primer: Corporate Income Taxes Highland Park MI
- Primer: Corporate Income Taxes Hillsdale MI
- Primer: Corporate Income Taxes Holland MI
- Primer: Corporate Income Taxes Holly MI
- Primer: Corporate Income Taxes Holt MI
- Primer: Corporate Income Taxes Howell MI
- Primer: Corporate Income Taxes Hudsonville MI
- Primer: Corporate Income Taxes Inkster MI
- Primer: Corporate Income Taxes Ionia MI
- Primer: Corporate Income Taxes Jackson MI
- Primer: Corporate Income Taxes Jenison MI
- Primer: Corporate Income Taxes Kalamazoo MI
- Primer: Corporate Income Taxes Lake Orion MI
- Primer: Corporate Income Taxes Lansing MI
- Primer: Corporate Income Taxes Lapeer MI
- Primer: Corporate Income Taxes Lincoln Park MI
- Primer: Corporate Income Taxes Livonia MI
- Primer: Corporate Income Taxes Ludington MI
- Primer: Corporate Income Taxes Macomb MI
- Primer: Corporate Income Taxes Marquette MI
- Primer: Corporate Income Taxes Midland MI
- Primer: Corporate Income Taxes Monroe MI
- Primer: Corporate Income Taxes Mount Clemens MI
- Primer: Corporate Income Taxes Mount Morris MI
- Primer: Corporate Income Taxes Mount Pleasant MI
- Primer: Corporate Income Taxes Muskegon MI
- Primer: Corporate Income Taxes New Baltimore MI
- Primer: Corporate Income Taxes Niles MI
- Primer: Corporate Income Taxes Northville MI
- Primer: Corporate Income Taxes Novi MI
- Primer: Corporate Income Taxes Oak Park MI
- Primer: Corporate Income Taxes Okemos MI
- Primer: Corporate Income Taxes Owosso MI
- Primer: Corporate Income Taxes Petoskey MI
- Primer: Corporate Income Taxes Pinckney MI
- Primer: Corporate Income Taxes Plymouth MI
- Primer: Corporate Income Taxes Pontiac MI
- Primer: Corporate Income Taxes Port Huron MI
- Primer: Corporate Income Taxes Portage MI
- Primer: Corporate Income Taxes Redford MI
- Primer: Corporate Income Taxes Rochester MI
- Primer: Corporate Income Taxes Rockford MI
- Primer: Corporate Income Taxes Romulus MI
- Primer: Corporate Income Taxes Roseville MI
- Primer: Corporate Income Taxes Royal Oak MI
- Primer: Corporate Income Taxes Saginaw MI
- Primer: Corporate Income Taxes Saint Clair Shores MI
- Primer: Corporate Income Taxes Saint Johns MI
- Primer: Corporate Income Taxes Saline MI
- Primer: Corporate Income Taxes Sault Sainte Marie MI
- Primer: Corporate Income Taxes South Haven MI
- Primer: Corporate Income Taxes South Lyon MI
- Primer: Corporate Income Taxes Southfield MI
- Primer: Corporate Income Taxes Southgate MI
- Primer: Corporate Income Taxes Sterling Heights MI
- Primer: Corporate Income Taxes Sturgis MI
- Primer: Corporate Income Taxes Swartz Creek MI
- Primer: Corporate Income Taxes Taylor MI
- Primer: Corporate Income Taxes Temperance MI
- Primer: Corporate Income Taxes Three Rivers MI
- Primer: Corporate Income Taxes Traverse City MI
- Primer: Corporate Income Taxes Trenton MI
- Primer: Corporate Income Taxes Troy MI
- Primer: Corporate Income Taxes Utica MI
- Primer: Corporate Income Taxes Walled Lake MI
- Primer: Corporate Income Taxes Warren MI
- Primer: Corporate Income Taxes Waterford MI
- Primer: Corporate Income Taxes West Bloomfield MI
- Primer: Corporate Income Taxes Westland MI
- Primer: Corporate Income Taxes White Lake MI
- Primer: Corporate Income Taxes Wixom MI
- Primer: Corporate Income Taxes Wyandotte MI
- Primer: Corporate Income Taxes Wyoming MI
- Primer: Corporate Income Taxes Ypsilanti MI
- Primer: Corporate Income Taxes Zeeland MI

Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin

Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History