To help offset the self-employment taxes, there are quite a few self-employment tax deductions you can take to lower your ...

There’s a lot to love about being a small business owner, but we’d be lying if we said it didn’t come with its fair share of challenges, especially around tax season. From figuring out how to manage ...

Learn about deductible credit card fees for businesses and why individuals cannot claim them. Explore finance charges and tax-related processing fees eligibility.

Business expenses are the costs incurred in the ordinary course of running a business. These expenses can include rent, utilities, salaries, and supplies. Identifying and categorizing these expenses ...

Entrepreneurs have no shortage of responsibilities — or business expenses — that can often feel overwhelming, especially during tax season. Fortunately, small business owners are often eligible for ...

Learn how to calculate depreciation for tax deductions using GAAP methods like straight-line and declining balance for optimal savings.

Let’s face it — tax season can be stressful. This is especially true for self-employed individuals and small business owners searching out every self-employed tax deduction and navigating other small ...

With the April 15 tax filing deadline right around the corner, millions of Americans are finalizing their 2024 tax returns with one goal: reducing what they owe. Proper planning can save you thousands ...

Many provisions of the 2017 tax law are set to expire at the end of 2025. Advocates are already attempting to convince Congress to extend or make permanent key provisions, even as concerns about the ...

The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how to choose the option that’s best for you.

On March 7, Reuters reported that the Federal Reserve released a report stating that small businesses have recovered from the pandemic but still face challenges to grow further. High interest rates ...