10 Tax Penalties – and How to Avoid Them
As if taxes weren’t enough, the IRS can add interest and penalties for actions you may take or fail to take. Here's some tips on avoiding tax penalties.
Taxes
Business Owners, Want to Help the IRS Create Its New Website? It Will Only Take 7 to 9 Minutes
The U.S. Internal Revenue Service is asking for feedback for the latest IRS website redesign. It won't take long and could make the site easier to use.
5 Tax Credits Only for Small Businesses
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.
Small Businesses Big Winners in Proposed Trump Tax Cuts
The White House unveiled its highly anticipated tax reform plan today. It would lower the tax rate on American businesses to 15 percent.
Tax Season Has Come and Gone: Should You Rethink Your Business Structure?
As you breath a sigh of relief with your taxes behind you, it may be time to take another look at your current business structure. Is it still the right format to deliver the best results come tax time? Or is it time to try something new?
Most Small Businesses Spend $1000 or More on Tax Administration Alone
The NSBA 2017 Small Business Taxation Survey has revealed that Small businesses are spending too much money on tax administration and most want tax reform.
What to Do If You’re Going to Miss the Tax Deadline
Don't panic becuase there's a process. Here's what to do, step-by-step, if you miss the tax deadline and need to file a late return.
How Your Next Vehicle Could Save on Income Taxes
Here in the U.S., the IRS offers a tax write off for eco friendly cars that both small businesses and individuals can take advantage of.
Don’t Pay Your Tax Bill with a Credit Card
While you can pay taxes by credit card, there are a number of downsides to doing so. Here are three of the biggest as well as tips on other ways to pay.
Outside-the-Box Travel Expenses — What’s Deductible?
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.
70 Percent of Small Businesses Still Don’t Use Tax Software
You think every small business is using something similar to TurboTax to do their taxes? Turns out, not many are using software at all.
How to Avoid Double Taxation with an S Corporation
For small businesses and entrepreneurs, business structure impacts how you pay taxes, and can lead to double taxation if you're not careful.
