Business Tax Structure refers to the taxation system of a particular country as it relates to corporations, partnerships, and other businesses. It includes both federal and state taxes on income, gains, profits, payroll, sales, and more. Businesses must adhere to regulations and processes when filing taxes, which can be complex and challenging depending on the business’s size and type. Designed to generate revenue for the government, understanding the specifics of your company’s tax structure is key to ensuring you pay only what you owe.