Under the Small Business Tax Assistance Program is it true that a small business does not pay income tax?
Miskit asked: Info here: http://lacity.org/finance/assistanceprogram.htm
I need some clarification. A friend of mine owns a small internet cafe with annual sales of less than $100,000. He thinks that this means he does not have to pay income tax. Can someone tell me if this is true or why it is not?
Thanks