What Every Business Owner Should Know About Excise Taxes

By |November 30th, 2019|Small Business Accounting, Tax Planning|

According to the Internal Revenue Service (IRS), both individuals and businesses pay excise taxes as part of the price of several categories of goods. Gasoline is one of the most common examples as is alcohol, cigarettes, and anything else the IRS deems to have a high social cost. The IRS may also impose excise taxes [...]