As a business owner, most of your decisions will have tax implications. Whether your business is earning profits or incurring loses, you have an obligation to your government to pay your taxes
Learn how to lower your taxes, including the write-offs for business expenses and tax deductions that you can claim. Know good tax resources for the home business owner and identify potential tax advantages and traps to avoid. Read tips and advice on tax planning, and keep more of your money in your pocket.
Smart business owners strategically maximize their small business tax deductions. Learn some of the non-traditional tax deductions filed by business owners.
The IRS lists only a small number of the allowable deductions on their forms, and they are not going to tell you about a deduction you failed to take. It’s up to you. Here are a few
As a home-based entrepreneur, learn whether you qualify for home office tax deductions. It is important to maximize your deductions and minimize your taxes
IRS 1099-MISC is the form used to report miscellaneous income that you paid to persons in the course of your trade or business. Learn whether this apply to your business and when 1099s must be filed.
Are you looking for ways to save on your taxes? If you are running a one-person business, fret no more: you can cut down your taxes while at the same time save for your retirement with the Self Employment 401(K).
If you operate a small business and have kids who live with you or near you, it may be worth having them do some work in your company. Learn the benefits of hiring your kids