Tax credits are an important type of tax break because every dollar of tax credit saves one dollar in taxes. Here are 5 small business only tax credits.
Barbara Weltman is the Tax Columnist for Small Business Trends. Barbara is an author, attorney and a leading authority on tax, law, and finance for small business. She publishes an “Idea of the Day®” and monthly e-newsletter, “Big Ideas for Small Business®” found at Barbara Weltman, and is a trusted professional advocate for small businesses and entrepreneurs.
She has written over 25 books, including perennial top sellers, “J.K. Lasser’s Small Business Taxes” and “J.K. Lasser’s 1001 Deductions & Tax Breaks,” along with her latest books, “Guide to Self-Employment” and “Smooth Failing,” and is a blogger for SBA.gov, Entrepreneur, and AmEx OPEN.
Aside from the norm, there are a slew of other travel-related costs that you may incur. Here's a list of 5 deductible travel expenses, and 5 that are not.Apr 5, 2017 249 Shares
Here’s a checklist of the ten most important employment compliance issues that small business owners need to be aware of.Mar 16, 2017 291 Shares
It's nearly February and it's really past time when you should be preparing your taxes. Here are important dates to circle on the 2017 tax calendar.Jan 31, 2017 339 Shares
There's no better way to start the new year than with some solid tax and budget planning. Here are 10 business finance tips for 2017 to get you started.Jan 1, 2017 521 Shares
Now is the time to take actions that will cut your taxes for 2016. The following 2016 year-end tax planning tips are general, so tailor them to suit.Dec 6, 2016 369 Shares
Get prepared for next year's tax season now with some need-to-know information about the changes to information returns to the IRS.Nov 2, 2016 348 Shares
At some point on your journey of running a small business, you'll come to a time when it's necessary to separate your personal and business finances.Oct 4, 2016 464 Shares
Offering bonuses to employees can constitute a lot more than just dropping a lump sum of cash on them.Aug 30, 2016 337 Shares
Sometimes, no matter how much planning you've done, you need money ... and fast. Today, there are more and more options to get you that emergency funding to help your business.Jul 29, 2016 160 Shares
The NFIB has some information on the impact to your small business when you decide to add new members to the team.Jun 30, 2016 479 Shares
Making guaranties to your your customers is away to build trust. But in business there are other guarantees you may need to make too. Understanding what you are agreeing to is important since it could affect you personally and professionally down the road. So here is an overview of some of these guarantees and how they work.Jun 6, 2016 335 Shares