Business Tax Articles

Barbara Weltman

Not all business owners carefully think through the legal and tax ramifications of how they are set up when they begin. An individual starting a business on his or her own may, for example, take the easiest road and operate as a sole proprietor. Or another person may have rushed to incorporate but now thinks that decision was hasty. If you think you may have gotten started on the wrong foot--entity speaking and are seeking to make a change, take heart and remember: Read full article >>

Don't Leave Money on the Table! Tax time is here, so make sure your small business is getting every dollar you deserve

By Reed Richardson

Every year, millions of small businesses give away billions of dollars to the U.S. government by failing to claim everything they should on their tax return. To ensure you don't make the same mistake, here are some of the most commonly overlooked tax deductions and credits.

Retirement Plans If your small bu...

By Chris Freeburn

For small business owners, there are few headaches like trying to keep up with the ever changing landscape of tax rules. Last year, Congress and the Internal Revenue Service (IRS) made a variety of changes and adjustments to the tax code that will affect almost all businesses. While most changes are minor adjustments, mostly increases in the maximum amount of income or expenses applicable to taxes or deductions, small business owners should take the time to ...

With just a few weeks left before December 31^st^, these year-end tax tips can help any small business save a few bucks

1. Make a Donation
It is the holiday season, do a charity and yourself some good and make a donation. Not only is making a donation a great thing to do for your community, but you can take a deduction that could lower your taxes. Be sure when you make your charitable donation that you get a receipt from the organization. And also talk to an accountant ...

If your small business joined the nearly 10 million taxpayers that received an extension on filing federal taxes this year, there are some important things to consider over the next few months.
By Reed Richardson

Perhaps the most basic of these is to understand that getting an extension on filing your taxes is not an extension on paying your taxes. While most small business owners are savvy enough to recognize this distinction, every year a small minority forget to send...