Small Business Taxes Tax Tips

Subscribe and receive all Small Business Taxes
tax guides via RSS

Recent Articles

Reporting Self-Employment Business Income and Deductions
Self-employed taxpayers report their business income and expenses on Schedule C. TurboTax can help make the job easier. Read more…

Tax Tips for Sole Proprietors
As a sole proprietor, you are in charge of your own business. You'll face additional taxes and reporting requirements, but you may also be eligible for certain business tax deductions. Read more…

What is IRS Form 8829: Expenses for Business Use of Your Home
One of the many benefits of working at home is that you can deduct legitimate expenses from your taxes. The downside is that since home office tax deductions are so easily abused, the Internal Revenue Service (IRS) tends to scrutinize them more closely than other parts of your tax return. However, if you are able to substantiate your home office deductions, you shouldn't be afraid to claim them. IRS Form 8829 helps you determine what you can and cannot claim. 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…

How the PATH Act Benefits Small Business Owners
Small businesses create jobs and help drive economic growth, and they can improve their bottom line at tax time under the Protecting Americans from Tax Hikes (PATH) Act that was passed in 2015. Recent provisions in the Act extend and protect certain tax benefits for businesses, making long-term planning easier for fledgling companies, entrepreneurial firms, and startups, to name a few. Read more…


More Small Business Taxes Articles

Who Pays the Transient Occupancy Tax? What is Form 8903: Domestic Production Activities Deduction Does Your Company Need to File Form 1095-B? When the IRS Classifies Your Business as a Hobby Tax Advantages to Incorporating Driving Down Taxes: Auto-Related Tax Deductions Mobile Phones, Internet and Other Easy Tax Deductions What Is the IRS Form 4562? Is Interest on Credit Cards Tax Deductible? Can I Write Off Credit Card Interest on My Taxes? Can Cellphone Expenses Be Tax Deductible with a Business? New Small Business Legislation Benefits Both Businesses and Individuals Video: Can I Deduct the Cost of a New Computer on My Taxes? Depreciation of Business Assets Business Use of Vehicles The Home Office Deduction Starting a Business Taking Business Tax Deductions Managing Assets Summary of Business Tax Law Changes 2010-2017 Little-Known Tax Tips for Small-Business Owners Maximizing Tax Deductions for the Business Use of Your Car Standard Mileage vs. Actual Expenses: Getting the Biggest Tax Deduction Business Tax Preparation Estimated Taxes: How to Determine What to Pay and When Filing a Business Tax Extension Closing a Business Limited Liability Company Taxes When and How to Incorporate Estimated Taxes: Common Questions Small Business Break: Get a Refund of Taxes Paid in Previous Years Can I Convert My LLC to an S-Corp When Filing My Tax Return? Video: IRS Rules for Reasonable Business Expenses LLC Tax Filing Rules What Is the IRS Form 941? Video: Tax Tips for Small Businesses S-Corp Federal Tax Filing Dates How to Pay Employer Federal Taxes Are 501C3 Stock Investment Profits Tax-Exempt? How to File Federal Income Taxes for Small Businesses How Do You Get a Business Tax ID Number? Do Chapter Sub S Corps File Personal Tax Returns? What Is IRS Form 720? What is a Schedule K-1 Tax Form? Penalties for Not Filing a 1099-Misc IRS Form Video: What is Schedule C-EZ: Profit or Loss from a Business? Video: Guide to Payroll Taxes How an S-Corp Can Reduce Your Self-Employment Taxes What is Form 8919: Uncollected Social Security and Medicare Tax on Wages What is Schedule F: Profit or Loss from Farming What Is Schedule J: Income Averaging for Farmers and Fishermen What Is Form 8941: Credit for Small Employer Health Insurance Premiums Startup Business Tax Tips Affordable Care Act (Obamacare) Survival Guide For ALEs How Does IRS Form 1095-B Affect Small Businesses? What is Form 4136: Credit for Federal Tax Paid on Fuels What is Form 8881: Tax Credit for Small Employer Pension Plan Startup Costs A Guide to Paying Quarterly Taxes

TurboTax Blog »

Get tax tips and tricks, from quick fixes to long term strategies.

Ready to try TurboTax?

Start for Free
* Important Offer Details and Disclosures
  • TURBOTAX ONLINE/MOBILE

  • Try for Free/Pay When You File: TurboTax online and mobile pricing is based on your tax situation and varies by product. Absolute Zero $0 federal (forms 1040EZ/1040A) + $0 state limited time offer only available with TurboTax Free Edition; offer may change or end at any time without notice. Actual prices are determined at the time of print or e-file and are subject to change without notice. Savings and price comparisons based on anticipated price increase. Special discount offers may not be valid for mobile in-app purchases.
  • QuickBooks Self-Employed Offer with TurboTax Self-Employed and TurboTax Live for Extension Filers: To receive your complimentary subscription to QuickBooks Self-Employed through 10/31/19, you must pay for your 2017 TurboTax Self-Employed or TurboTax Live return between 4/18/18 and 10/15/18 and sign-in and access your QuickBooks Self-Employed account via mobile app or at https://selfemployed.intuit.com/turbotax at least twice by 12/31/18. You will have the option of renewing your QuickBooks Self-Employed subscription by 10/31/19 for another year at the then-current subscription rate. You may cancel your subscription at any time from within the QuickBooks Self-Employed billing section. See QuickBooks.com for price comparison. Offer not valid for existing QuickBooks Self-Employed subscribers already on a paid subscription.
  • Pays for itself (TurboTax Self-Employed): Estimates based on deductible business expenses calculated at the self-employment tax income rate (15.3%) for tax year 2017. Actual results will vary based on your tax situation.
  • Anytime, anywhere: Internet access required; standard data rates apply to download and use mobile app.
  • Fastest refund possible: Fastest tax refund with e-file and direct deposit; tax refund time frames will vary.
  • Pay for TurboTax out of your federal refund: A $X.XX Refund Processing Service fee applies to this payment method. Prices are subject to change without notice.
  • TurboTax Help and Support: Access to a TurboTax specialist is included with TurboTax Deluxe, Premier, Self-Employed and TurboTax Live; not included with Free Edition (but is available as an upgrade). TurboTax specialists are available to provide general customer help and support using the TurboTax product. SmartLook on-screen help is available on a PC, laptop or the TurboTax mobile app. Service, area of expertise, experience levels, wait times, hours of operation and availability vary, and are subject to restriction and change without notice.
  • Tax Advice, Expert Review and TurboTax Live: Access to tax advice and Expert Review (the ability to have a Tax Expert review and/or sign your tax return) is included with TurboTax Live or as an upgrade from another version, and available through October 15, 2018. These services are provided only by credentialed CPAs, EAs or tax attorneys. State tax advice is free. Some tax topics or situations may not be included as part of this service, which shall be determined in the tax expert’s sole discretion. In the event your return is reviewed by a tax expert and requires a significant level of tax advice or actual preparation, the tax expert may be required to sign your return as the preparer at which point they will assume primary responsibility for the preparation of your return. Expert Review [and TurboTax Live] not available on the TurboTax mobile app or when using a web browser on your mobile phone. On-screen help is available on a PC, laptop or the TurboTax mobile app. Service, area of expertise, experience levels, wait times, hours of operation and availability vary, and are subject to restriction and change without notice.
  • Tax Return Access and My Docs features: Included with TurboTax Deluxe, Premier, Self-Employed, TurboTax Live or with PLUS benefits. Access to all tax-related documents we have on file for you is available through 10/31/2019. Terms and conditions may vary and are subject to change without notice.
  • #1 best-selling tax software: Based on aggregated sales data for all tax year 2016 TurboTax products.
  • Most Popular: TurboTax Deluxe is our most popular product among TurboTax Online users with more complex tax situations.
  • CompleteCheck: Covered under the TurboTax accurate calculations and maximum refund guarantees.
  • #1 rated online tax prep provider: Based on independent comparison of the best online tax software by TopTenReviews.com March 13, 2017.
  • Get tips based on your tax and credit data to help get you to where you want to be: Tax and credit data accessed upon your consent.
  • TURBOTAX CD/DOWNLOAD SOFTWARE

  • TurboTax CD/Download products: Price includes tax preparation and printing of federal tax returns and free federal e-file of up to 5 federal tax returns. Additional fees apply for e-filing state returns. E-file fees do not apply to New York state returns. Savings and price comparison based on anticipated price increase. Prices subject to change without notice.
  • Fastest refund possible: Fastest tax refund with e-file and direct deposit; tax refund time frames will vary.
  • Pay for TurboTax out of your federal refund: A $X.XX Refund Processing Service fee applies to this payment method. Prices are subject to change without notice. This benefit is available with TurboTax Federal products except TurboTax Business.
  • About our TurboTax Product Experts: Customer service and product support vary by time of year.
  • About our credentialed tax experts: Live tax advice via phone is included with Premier and Home & Business; fees apply for Basic and Deluxe customers. State tax advice is free. Service, experience levels, hours of operation and availability vary, and are subject to restriction and change without notice. Not available for TurboTax Business customers.
  • #1 best-selling tax software: Based on aggregated sales data for all tax year 2016 TurboTax products.
  • Data Import: Imports financial data from participating companies; may require a free Intuit online account. Quicken and QuickBooks import not available with TurboTax installed on a Mac. Imports from Quicken (2016 and higher) and QuickBooks Desktop (2012 and higher); both Windows only. Quicken import not available for TurboTax Business. Quicken products provided by Quicken Inc., Quicken import subject to change.