Corporate Tax in San Mateo, California

Find the right Corporate Tax attorney in San Mateo, CA

Corporate Tax Lawyers in San Mateo

In San Mateo, California, a "corporation" is defined as a legal entity that's separate from its owners. Therefore, from a legal standpoint, the owner of a corporation and the corporation itself are not the same "person."

This rule is called "corporate personhood." Basically, under the law of California, corporations are, in many ways, the same as individual human beings. Therefore, corporations have some of the same legal rights and obligations as actual people.

As a prime example, corporations have to pay income taxes, just as a person would.

Corporate Tax Rate in San Mateo, California

All corporations in America have to pay a federal income tax. Many states also have a corporate income tax, which corporations operating in San Mateo, California have to pay.

Under federal laws that control corporate income taxes, corporations pay a different income tax rate from individual people. Corporations pay a maximum federal income tax rate of 35%, and a minimum rate of 15%, depending on their income. The high tax rate applies to corporations that make .3 million per year, and the low rate applies to any company bringing in less than ,000.

The tax rate in California for corporations probably also differs from the taxes that individuals must pay. In some states, the government has decided that their interests would be best served by making corporate taxes as low as possible. So in many states, the tax rate for corporations is much lower than the one paid by individuals, unlike the federal corporate tax.

In San Mateo, California, corporations must pay both the federal and state corporate income tax. Failing to pay these taxes can result in severe punishment, including huge fines which can put a corporation out of business.

How Can a San Mateo, California Corporate Tax Lawyer Help?

Most larger corporations have lawyers and accountants who ensure that they are in full compliance with both state and federal tax law.

Of course, smaller companies in San Mateo can't afford to have full-time legal and accounting departments on their payroll. Accordingly, if your business is organized as a corporation, and has an issue with its taxes, it's necessary that you contact a San Mateo, California tax attorney as soon as possible.

Talk to a Tax Law Attorney now!

Life in San Mateo

San Mateo, California is a city in San Mateo County. It has a population of about 100,000 people, making it one of the larger suburbs in the San Francisco Bay Area.

San Mateo was first settled by Europeans in 1789, when the Spanish established a missionary and military presence in the area now known as San Mateo.

Modernly, the economy of San Mateo, California is driven by education, local government, finance, and retail. The largest employer in San Mateo is the San Mateo County Community College District, which employs over 1,900 people, including several San Mateo, California lawyers.

If you live in San Mateo, California and are in need of legal assistance, it's very likely that there's a good San Mateo, California attorney who can help. Lawyers in San Mateo, California are able to handle a wide range of legal issues.

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