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Business Taxes

Business owners are required to pay certain taxes based on the type of business they operate.
Below is a list of common business taxes, along with information on which businesses are required to file them.

Sales Tax 

  • Required for certain businesses depending on the services they provide and products they sell. 

  • For a list of services considered taxable by the Iowa Department of Revenue, click here for more information

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To file monthly sales tax on your behalf, we require your business’s total income and expenses to be provided each month.

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Quarterly Estimated Taxes

  • Required for individuals that receive self-employment income as there is no income tax witholding. 

  • These taxes are paid every three months out of the year -- within a year a total of 4 payments are made. 

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We require total business income & expenses for those three months in order to file them on your behalf. 

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Payroll Taxes

  • Required for all businesses that hire employees and need to withhold federal income tax on their compensation. 

  • These taxes are to be filed every quarter during the fiscal year. 

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Depending on your business and structure, a business could be liable for all 3 of these tax filings (sales, quarterly, & payroll taxes). 

Wanatee Accounting Services Logo

9 E Southridge Rd, Suite B, Marshalltown, IA 50158

(641)-753-1227   lisa@wanateeaccounting.com  

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