A disaster of any kind can leave a business reeling but there's at least some glimmer of silver lining given these business tax breaks for disasters.
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 at “Big Ideas for Small Business®” 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.
With the latest tax reform, many small businesses wonder whether they should institute a change in business structure to take advantage of new tax breaks.Sep 10, 2018 117 Shares
The Tax Cuts and Jobs Act ended the ability to claim certain write-offs that businesses loved. Here are 10 business tax breaks that went away in 2018.Aug 2, 2018 238 Shares
Employers increasingly are assuming responsibility for the care and feeding of employees, and that's not a bad thing. But, what are the tax implications?Jul 2, 2018 96 Shares
Check out this expert advice on how to write off equipment and capital improvements you need to run your small business.Jun 5, 2018 183 Shares
As with most small business, restaurants are concerned with what they can write off to minimize the revenues that are taxed. To start, they should consider these 10 top tax deductions for restaurant owners.Feb 5, 2018 211 Shares
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Considering filing for bankruptcy? Here are some tips for balancing bankruptcy and the IRS that can help in various scenarios.Dec 5, 2017 312 Shares
Errors in the your payroll can have legal and tax implications, both of which can hurt your bottom line. Here are 10 payroll mistakes to avoid.Nov 2, 2017 547 Shares
Running a sideline business? Here are some important tips on side business taxes to keep in mind to stay in the IRS' good graces.Oct 2, 2017 322 Shares
Some tax deductions seem like no-brainers, but you may want to check again when it comes to these 10 non-deductible business expenses.Sep 5, 2017 498 Shares
Before taking your next business trip, plan ahead, and stay compliant, by learning these five IRS tax rules for business travel.Aug 1, 2017 661 Shares