As a first-time small business owner, you're responsible for paying federal income taxes according to the rules set by the ...

Bonus depreciation was raised to 100 percent in 2017’s Tax Cuts and Jobs Act and was scheduled to fall by 20 percent a year ...

You can significantly reduce your taxable income and improve your financial health by leveraging commonly overlooked deductions. Below, let’s explore critical small business tax deductions ...

The tax bill would codify a provision currently set to expire later this year, and features support from more than 200 ...

If you are starting a business, it is essential that you familiarize yourself with all of the necessary tax forms you will ...

House Republicans have said time and time again that this is a pivotal year to renegotiate federal tax policy, as the party looks to extend expiring pieces of President Donald ...

Tax Deductions and Credits for Small Businesses ... Determine which forms apply to you. You can find a list of small business forms and publications on the IRS website. File by the appropriate ...

I have practiced public accounting for 21 years and can tell you without doubt that the 20% small-business deduction has been the single most beneficial tax deduction for small-business owners.

But a tax break? Yeah, sometimes. "If you use your house for business, it opens the door to significantly more deductions being ... house within two years have a small loss or break-even on ...