If filing your small business taxes yourself becomes too complicated or confusing, it's advisable to consult with a professional the first time so you'll understand all of the steps and documentation needed. Step 1. Gather each tax form you need to fill out for the type of business you own.
Definition of profit sharing. : a system or process under which employees receive a part of the profits of an industrial or commercial enterprise.
Profit sharing today: plans and provisions. In addition, a profit-sharing plan, which only permits distribution of amounts held in a separate MRA for reimbursement of substantiated medical care expenses (as described in the facts above) may fail to satisfy various other Sec.