Starting and running a small business is expensive. There are many different costs that go into operating a business, but many can be tax write-offs. For an expense to be deductible, the cost must be ...

Running a business can be expensive. Everything comes at a cost, from keeping the lights on to buying inventory. Luckily, you ...

For example, QuickBooks allows you to easily track your business income, expenses, and even business mileage, then you can import your information into your TurboTax Business tax return, allowing for ...

If anything, remember you’ll make tax payments more frequently than you file tax returns. Many, or all, of the products featured on this page are from our advertising partners who compensate us when ...

In what’s sure to be welcome news for small and midsize companies, the Section 179 tax deduction has been increased by $30,000 for 2025. The total deduction is now $1.25 million. In addition, the ...

Since passed in late 2017, millions of returns have claimed the deduction, growing from 18.7 million returns in 2018 to 25.9 million returns in 2021, according to IRS data. Trade groups are sounding ...

Various 2021 IRS tax forms on a wood desktop. One of the most common tax complaints I hear from small business owners is about filing their taxes. Paying isn’t their biggest objection, though they ...

Some gifts that a small business owner gives to their employees may be taxable, while others are not. Here’s how to ...

For example, if your business is a partnership, you and your partner will need to fill out joint and individual forms. However, if you have a sole proprietorship, you’ll likely only need one or two ...