Hiring and Growth

March 4, 2022: 2022 Small Business Tax Brackets, Explained

Mohini Kundu Content Marketer, Gusto 
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March 4, 2022

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Your 2022 business tax bracket 

Ready or not, tax season is upon us. If you want to be prepared for Tax Day and your 2022 quarterly payments, it’s important to know which tax bracket your business falls into. This will help you estimate your total tax bill and make sure you have enough set aside when payment due dates roll around.

As a small business, you’re taxed according to your business structure. That’s why we’ve put together a full breakdown of 2021 and 2022 small business tax brackets, factors that affect your tax rate, and information on how and when to file. Read more in our guide to 2022 business tax brackets. 

March compliance calendar

Speaking of deadlines, there are some big ones coming up this month. For example, tax returns for S corps and partnerships are due on Mar. 15. See a full list of deadlines to remember for the month of March in our latest monthly compliance calendar

APR vs. Interest Rate: What’s the difference?

If you’re in the market for business financing, you’ll want to compare different lending options so you can find the best one for your company’s current needs. But here’s the catch: Lending programs can use different rates to define their loan terms, and you’ll need to understand the differences in order to make an apples-to-apples comparison of the true cost of each capital option.

Our partners at Accion Opportunity Fund, a nonprofit dedicated to extending financial support and access to capital to small business owners of all identities, have developed a comprehensive course to help you:

  • Distinguish between APR (annual percentage rate) and Interest Rate
  • Identify common situations where you might encounter interest rates or fees that are not represented as APR
  • Calculate approximate APR when given loan terms

Start the course here. Looking for financing for your small business? Connect with Accion Opportunity Fund today.

Is crypto right for you?

Headlines and major corporations agree: Cryptocurrency is now mainstream. The list of companies that accept cryptocurrencies as a form of payment continues to grow and already includes the likes of Microsoft, Overstock, and even Burger King, to name a few.

So you might be wondering: Is cryptocurrency right for my small business? As a first step, you’ll want to assess your understanding of cryptocurrency in general. Once you have a clear understanding of what cryptocurrency is and how it works for businesses, you’ll be able to determine if you want to accept it as a payment method.  

Learn the basics of cryptocurrency for merchants, including types of cryptocurrencies and how crypto transactions work, on our blog.

New from Gusto

Watchlist

MAR 10: Common and Costly Tax Mistakes, with Bench

On Mar. 10 at 10am PT, Marc Hofacker, CPA and Senior Tax Advisor at Bench, and Bench Bookkeeping Specialist Brendan Tuytel will share the most common tax mistakes the IRS sees small businesses make every year, and how to avoid them. Register now.

MAR 16: The Importance of Pay Equity in Fostering Diversity and Inclusion

Join JazzHR and Gusto on Wednesday, Mar. 16 at 1pm PT to learn how to address pay equity in your organization effectively. You’ll get actionable insights and tactical frameworks from Natasha Molina, Human Resources Business Partner at JazzHR, and Javier Gonzalez, Head of Compensation at Gusto. Register here.

MAR 24: How to Craft an Effective Employee Handbook

An employee handbook is a powerful tool to communicate your company policies and culture—and it can also form the first line of defense in a lawsuit or investigation. Join us on Mar. 24 at 10am PT to learn about the most important policies for your handbook and what you’ll want to consider when drafting them. Register here.

Find the latest relief options in our Small Business Relief Finder.

Want more news and resources? Check out past editions in our archive.

Mohini Kundu
Mohini Kundu Mohini Kundu is a news editor on the Gusto content team. She studied journalism at Northwestern University and started her career at The Huffington Post before embracing the #startuplife.

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