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.
An IRS audit is unpleasant at best, and terrifying at worst. Learn how to avoid a tax audit by steering clear of the items that raise the red flags for the IRS
Vehicle deductions can be great write-off opportunities for small business owners, but they are closely scrutinized by the IRS. Learn about vehicle tax deductions.
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
If you are a motivated entrepreneur with a business plan that you believe is ready to take off like a rocket, you’ll likely have to dig deep into your pockets to cover the numerous business expenses that you’ll be responsible for throughout the startup process. The good news is that you may also be able […]
When you decide you need help preparing your taxes it can be difficult to decide where to begin. Learn how to choose the right tax preparer to do your taxes and know the list questions that any competent tax professional should be able to answer.
Upon launching a brand new small business, the numerous startup costs and related expenses that you’ll incur can be overwhelming. These hefty costs could even discourage some entrepreneurs from moving forward with a business. Thankfully, there is some good news in terms of how you can keep more of the hard-earned money you earn as […]
Small business owners have the ability to take advantage of many tax breaks to cut down on their tax bills and hold on to more of the money their companies. If you own a small business, consider claiming the following commonly overlooked deductions when you file your taxes next:
You’ve heard that you can’t have your cake and eat it, too. But hiring your children is one case when you can. Pay your minor or adult children to work for your business, then write it off as an expense.