Starting and running a small business is expensive. There are many different costs that go into operating a business, but many can be tax write-offs. For an expense to be deductible, the cost must be ...

The qualified business income deduction, also known as QBI, is one of the most powerful deductions still on the books for ...

Filing taxes for small businesses can be overwhelming and intimidating. There are so many questions you need to answer to get it right. What are the right forms for my business? What taxes am I ...

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 ...

For example, if your business is a partnership, you and your partner will need to fill out joint and individual forms. However, if you have a sole proprietorship, you’ll likely only need one or two ...

If anything, remember you’ll make tax payments more frequently than you file tax returns. Many, or all, of the products featured on this page are from our advertising partners who compensate us when ...

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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 ...

Various 2021 IRS tax forms on a wood desktop. One of the most common tax complaints I hear from small business owners is about filing their taxes. Paying isn’t their biggest objection, though they ...

In what’s sure to be welcome news for small and midsize companies, the Section 179 tax deduction has been increased by $30,000 for 2025. The total deduction is now $1.25 million. In addition, the ...

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