Tag Archives: PTET

What is the PTET?

Trainee CPA Mackenzie at her desk, studying and enjoying a cup of coffee.

If you’re a small business owner, you’ve probably heard about passthrough entity tax – but what is it? Benefits of the PTET The PTET allows business owners to pay state taxes through their business and receive a credit for the tax paid on their individual return. It doesn’t change the amount of state tax owed […]