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Penalties for Missing the 1099-NEC or 1099-MISC Deadline
There are penalties for missing the deadline for the new 1099-NEC form and the updated 1099-MISC for both tax filers and businesses. Read more…

The Payroll Tax Credit and Other Stimulus Programs for COVID-19
Congress passed several laws to stimulate the economy during the COVID-19 crisis. This includes a payroll tax credit and other stimulus measures. Read more…

What is Form 4136: Credit for Federal Tax Paid on Fuels
The federal government imposes taxes on a variety of fuels. The one most familiar to taxpayers is probably the federal gas tax—18.4 cents/gallon as of 2020—which pays for road projects across the country. Certain uses of fuels are untaxed, however, and fuel users can get a credit for the taxes they’ve paid by filing Form 4136. Read more…

The Home Office Deduction
2020 saw an unprecedented number of workers and businesses transitioning to a work-from-home model. If you work from home, you should know these important tax implications of setting up a home office. Read more…

2020 Stimulus: Does My Small Business Qualify for an Economic Injury Disaster Loan (EIDL)?
Freelancers and self-employed business owners experiencing financial hardship due to Coronavirus (COVID-19) have the option to apply for an Economic Injury Disaster Loan (EIDL) — a low-interest federal disaster loan that's directly administered by the Small Business Administration (SBA). Learn whether you qualify for this loan and how receiving one may affect your taxes. Read more…

More Small Business Taxes Articles

What is the Paycheck Protection Program (PPP) Loan? Standard Mileage vs. Actual Expenses: Getting the Biggest Tax Deduction Maximizing Tax Deductions for the Business Use of Your Car S-Corp Federal Tax Filing Dates A Guide to Paying Quarterly Taxes How to Pay Employer Federal Taxes What is Form 8881: Tax Credit for Small Employer Pension Plan Startup Costs What is Schedule F: Profit or Loss from Farming Tax Tips for Sole Proprietors Video: What is Schedule C-EZ: Profit or Loss from a Business? Managing Assets LLC Tax Filing Rules Does Your Company Need to File Form 1095-B? Affordable Care Act (Obamacare) Survival Guide For ALEs Is Interest on Credit Cards Tax Deductible? Who Pays the Transient Occupancy Tax? Tax Advantages to Incorporating Depreciation of Business Assets Business Tax Preparation Video: Guide to Payroll Taxes What Is Form 8941: Credit for Small Employer Health Insurance Premiums Video: Tax Tips for Small Businesses Limited Liability Company Taxes How Do You Get a Business Tax ID Number? What Is the IRS Form 4562? Can Cellphone Expenses Be Tax Deductible with a Business? Are 501C3 Stock Investment Profits Tax-Exempt? What is IRS Form 8829: Expenses for Business Use of Your Home What Is IRS Form 720? Startup Business Tax Tips Mobile Phones, Internet and Other Easy Tax Deductions How the PATH Act Benefits Small Business Owners Video: IRS Rules for Reasonable Business Expenses How Does IRS Form 1095-B Affect Small Businesses? Little-Known Tax Tips for Small-Business Owners Business Use of Vehicles New Small Business Legislation Benefits Both Businesses and Individuals How an S-Corp Can Reduce Your Self-Employment Taxes What is Form 8919: Uncollected Social Security and Medicare Tax on Wages Can I Write Off Credit Card Interest on My Taxes? What Online Business Owners Should Know about IRS Form 1099-K Can I Convert My LLC to an S-Corp When Filing My Tax Return? When and How to Incorporate Taking Business Tax Deductions What is a Schedule K-1 Tax Form? When the IRS Classifies Your Business as a Hobby Starting a New Startup Business Closing a Business What Is Schedule J: Income Averaging for Farmers and Fishermen Filing a Business Tax Extension How to File Federal Income Taxes for Small Businesses Estimated Taxes: How to Determine What to Pay and When Do Chapter Sub S Corps File Personal Tax Returns? Estimated Taxes: Common Questions What Is the IRS Form 941? Driving Down Taxes: Auto-Related Tax Deductions Starting a Business Reporting Self-Employment Business Income and Deductions The 2020 Tax Deadline Extension: Everything You Need to Know What is Form 8903: Domestic Production Activities Deduction Video: Can I Deduct the Cost of a New Computer on My Taxes? Summary of Business Tax Law Changes 2010-2017 Small Business Break: Get a Refund of Taxes Paid in Previous Years

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