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7 Ways Small Business Owners Can Reduce Their Tax Bill
You can reduce your tax obligations as a small business owner through several potential money saving opportunities. Read more…

How to Get a Small Business Loan and Navigate the Tax Implications
Small business loans like the SBA 7(a) loan can be a crucial lifeline for your company. But how do these loans affect your taxes? Read more…

Standard Mileage vs. Actual Expenses: Getting the Biggest Tax Deduction
The IRS offers two ways of calculating the cost of using your vehicle in your business: 1. The Actual Expenses method or 2. Standard Mileage method. Each method has its advantages and disadvantages, and they often produce vastly different results. Each year, you’ll want to calculate your expenses both ways and then choose the method that yields the larger deduction and greater tax benefit to you. Read more…

Starting a Business
When you start your own business, knowing the income tax implications of your decisions can save you money and headaches. Learn about paying estimated income taxes, keeping track of expenses and how to take a tax deduction when you use your car for business. Read more…

Business Use of Vehicles
If you use vehicles in your small business, how and when you deduct for the business use of those vehicles can have significant tax implications. It pays to learn the nuances of mileage deductions, buying versus leasing and depreciation of vehicles. Special rules for business vehicles can deliver healthy tax savings. Read more…


More Small Business Taxes Articles

Reporting Self-Employment Business Income and Deductions Starting a New Startup Business Driving Down Taxes: Auto-Related Tax Deductions Maximizing Tax Deductions for the Business Use of Your Car Setting Up a Home Office What Online Business Owners Should Know about IRS Form 1099-K How to File Federal Income Taxes for Small Businesses Affordable Care Act (Obamacare) Survival Guide For ALEs Does Your Company Need to File Form 1095-B? New Small Business Legislation Benefits Both Businesses and Individuals Mobile Phones, Internet and Other Easy Tax Deductions How Does IRS Form 1095-B Affect Small Businesses? Managing Assets Taking Business Tax Deductions Estimated Taxes: Common Questions What Is the IRS Form 941? What Is the IRS Form 4562? What Is IRS Form 720? Summary of Business Tax Law Changes 2010-2017 Small Business Break: Get a Refund of Taxes Paid in Previous Years S-Corp Federal Tax Filing Dates LLC Tax Filing Rules Limited Liability Company Taxes How to Pay Employer Federal Taxes The Home Office Deduction Estimated Taxes: How to Determine What to Pay and When When the IRS Classifies Your Business as a Hobby Do Chapter Sub S Corps File Personal Tax Returns? Are 501C3 Stock Investment Profits Tax-Exempt? Video: Guide to Payroll Taxes What is Form 8903: Domestic Production Activities Deduction Tax Advantages to Incorporating How Do You Get a Business Tax ID Number? What is Schedule F: Profit or Loss from Farming What is Form 8919: Uncollected Social Security and Medicare Tax on Wages What Is Schedule J: Income Averaging for Farmers and Fishermen Startup Business Tax Tips What Is Form 8941: Credit for Small Employer Health Insurance Premiums What is Form 4136: Credit for Federal Tax Paid on Fuels A Guide to Paying Quarterly Taxes How the PATH Act Benefits Small Business Owners A Mechanic's Guide to Tax Deductions A Self-Employment Tax Guide for Therapists The Payroll Tax Credit and Other Stimulus Programs for COVID-19 2020 Stimulus: Does My Small Business Qualify for an Economic Injury Disaster Loan (EIDL)? What is the Paycheck Protection Program (PPP) Loan? The 2021 Tax Deadline Extension: Everything You Need to Know Business Tax Preparation Depreciation of Business Assets When and How to Incorporate Can Cellphone Expenses Be Tax Deductible with a Business? What is a Schedule K-1 Tax Form? Video: Can I Deduct the Cost of a New Computer on My Taxes? Closing a Business Filing a Business Tax Extension Video: IRS Rules for Reasonable Business Expenses Video: Tax Tips for Small Businesses Can I Write Off Credit Card Interest on My Taxes? Video: What is Schedule C-EZ: Profit or Loss from a Business? How an S-Corp Can Reduce Your Self-Employment Taxes Tax Tips for Sole Proprietors What is IRS Form 8829: Expenses for Business Use of Your Home What is Form 8881: Tax Credit for Small Employer Pension Plan Startup Costs Little-Known Tax Tips for Small-Business Owners Who Pays the Transient Occupancy Tax? Penalties for Missing the 1099-NEC or 1099-MISC Deadline Is Interest on Credit Cards Tax Deductible? What is Excise Tax? What is Form 8995? What is Form 8995-A? Can I Convert My LLC to an S-Corp When Filing My Tax Return?

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