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Can I Convert My LLC to an S-Corp When Filing My Tax Return?
Converting your LLC to an S-Corp when filing your tax return can be a complicated process, but it is possible. Find out how it can be done. Read more…

How to File Federal Income Taxes for Small Businesses
Depending on your business type, there are different ways to prepare and file 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…

What Online Business Owners Should Know about IRS Form 1099-K
If you are an online retailer and accept credit card payments over the Internet, you may also have to deal with reporting any 1099-K forms that you receive from credit card or third party processors. Accounting for these forms accurately is important to ensure that you do not pay too much or too little tax. 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…

More Small Business Taxes Articles

Estimated Taxes: How to Determine What to Pay and When When and How to Incorporate Closing a Business Can I Write Off Credit Card Interest on My Taxes? Maximizing Tax Deductions for the Business Use of Your Car Filing a Business Tax Extension What is Form 8919: Uncollected Social Security and Medicare Tax on Wages How an S-Corp Can Reduce Your Self-Employment Taxes New Small Business Legislation Benefits Both Businesses and Individuals Do Chapter Sub S Corps File Personal Tax Returns? Estimated Taxes: Common Questions Business Use of Vehicles Little-Known Tax Tips for Small-Business Owners Taking Business Tax Deductions How Does IRS Form 1095-B Affect Small Businesses? What is a Schedule K-1 Tax Form? Driving Down Taxes: Auto-Related Tax Deductions Video: IRS Rules for Reasonable Business Expenses How the PATH Act Benefits Small Business Owners Mobile Phones, Internet and Other Easy Tax Deductions What is Form 4136: Credit for Federal Tax Paid on Fuels Startup Business Tax Tips What Is IRS Form 720? What is IRS Form 8829: Expenses for Business Use of Your Home Are 501C3 Stock Investment Profits Tax-Exempt? A Guide to Paying Quarterly Taxes Can Cellphone Expenses Be Tax Deductible with a Business? What Is the IRS Form 4562? How Do You Get a Business Tax ID Number? Limited Liability Company Taxes Video: Tax Tips for Small Businesses When the IRS Classifies Your Business as a Hobby What Is Form 8941: Credit for Small Employer Health Insurance Premiums Video: Guide to Payroll Taxes Business Tax Preparation Depreciation of Business Assets Penalties for Not Filing a 1099-Misc IRS Form What Is the IRS Form 941? Tax Advantages to Incorporating Who Pays the Transient Occupancy Tax? What Is Schedule J: Income Averaging for Farmers and Fishermen Reporting Self-Employment Business Income and Deductions Is Interest on Credit Cards Tax Deductible? Affordable Care Act (Obamacare) Survival Guide For ALEs Does Your Company Need to File Form 1095-B? LLC Tax Filing Rules Managing Assets Video: What is Schedule C-EZ: Profit or Loss from a Business? Tax Tips for Sole Proprietors S-Corp Federal Tax Filing Dates The Home Office Deduction What is Schedule F: Profit or Loss from Farming What is Form 8881: Tax Credit for Small Employer Pension Plan Startup Costs How to Pay Employer Federal Taxes 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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