When it comes to tax preparation, it’s in a small business owner’s best interest to learn as much as they can about staying in compliance and meeting their tax obligations. Even though small business owners may deal with taxes through their in-house accountants or an outside accounting firm, having a working knowledge of tax preparation can still [...]
Some minority-owned businesses may find themselves eligible for certain tax breaks if they’re located in distressed areas or if they’re just getting started in business. They may also benefit from investments made by those seeking a tax break. Here are four often-missed tax breaks or incentives that some minority-owned businesses may be able to benefit from:4 often-missed [...]
The home office deduction can reduce your business’s taxable income. Learn about requirements & calculations behind this oft-misunderstood deduction.
No one wants to attract the ire of the Internal Revenue Service. Here are 6 tips to help you stay on Uncle Sam's good side when filing your business taxes.
Take some of the stress out of tax time by adopting these helpful practices to help organize your business's financial records. Your accountant will thank you.
What does it mean to be an online business? Learn how the IRS can determine your eligibility to claim business status, along with the related tax deductions.