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Driving Down Taxes: Auto-Related Tax Deductions
Your car might save you a bundle come tax day, especially if you drive as part of your work. Knowing all of the auto-related deductions can ensure that your automobile is working as hard for you as you are for your paycheck. Read more…

Depreciation of Business Assets
In an effort to stimulate the economy by encouraging businesses to buy new assets, Congress approved special depreciation and expensing rules for acquired property. 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…

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…

More Small Business Taxes Articles

What is Form 8995-A? What is Form 8995? What is Form 8903: Domestic Production Activities Deduction What is Excise Tax? Is Interest on Credit Cards Tax Deductible? Estimated Taxes: Common Questions Limited Liability Company Taxes I Own Several Businesses, How Should I File Taxes? Starting a New Startup Business Reporting Self-Employment Business Income and Deductions Setting Up a Home Office Tax Advantages to Incorporating What Is the IRS Form 4562? Video: Guide to Payroll Taxes Video: Tax Tips for Small Businesses S-Corp Federal Tax Filing Dates 7 Ways Small Business Owners Can Reduce Their Tax Bill Business Use of Vehicles Estimated Taxes: How to Determine What to Pay and When When and How to Incorporate Video: IRS Rules for Reasonable Business Expenses How to File Federal Income Taxes for Small Businesses The Home Office Deduction Penalties for Missing the 1099-NEC or 1099-MISC Filing Deadline What is a Schedule K-1 Tax Form? A Guide to Paying Quarterly Taxes When the IRS Classifies Your Business as a Hobby Can Cellphone Expenses Be Tax Deductible with a Business? LLC Tax Filing Rules Video: What is Schedule C-EZ: Profit or Loss from a Business? Mobile Phones, Internet and Other Easy Tax Deductions Maximizing Tax Deductions for the Business Use of Your Car How an S-Corp Can Reduce Your Self-Employment Taxes Taking Business Tax Deductions Tax Tips for Sole Proprietors Can I Convert My LLC to an S-Corp When Filing My Tax Return? Filing a Business Tax Extension Can I Write Off Credit Card Interest on My Taxes? Business Tax Preparation What Is the IRS Form 941? Do Chapter Sub S Corps File Personal Tax Returns? What Is IRS Form 720? Are 501C3 Stock Investment Profits Tax-Exempt? Does Your Company Need to File Form 1095-B? Closing a Business A Self-Employment Tax Guide for Therapists A Mechanic's Guide to Tax Deductions How Do You Get a Business Tax ID Number? How to Pay Employer Federal Taxes Startup Business Tax Tips Video: Can I Deduct the Cost of a New Computer on My Taxes? Little-Known Tax Tips for Small-Business Owners Managing Assets What Is Form 8941: Credit for Small Employer Health Insurance Premiums New Small Business Legislation Benefits Both Businesses and Individuals Affordable Care Act (Obamacare) Survival Guide For ALEs How the PATH Act Benefits Small Business Owners What is IRS Form 8829: Expenses for Business Use of Your Home What is Form 4136: Credit for Federal Tax Paid on Fuels What is Schedule F: Profit or Loss from Farming Who Pays the Transient Occupancy Tax? What Is Schedule J: Income Averaging for Farmers and Fishermen What is Form 8919: Uncollected Social Security and Medicare Tax on Wages What is Form 8881: Tax Credit for Small Employer Pension Plan Startup Costs How Does IRS Form 1095-B Affect Small Businesses? The 2021 Tax Deadline Extension: Everything You Need to Know What Online Business Owners Should Know about IRS Form 1099-K Summary of Business Tax Law Changes 2010-2017 Small Business Break: Get a Refund of Taxes Paid in Previous Years 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?

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