Business Taxes

Our Business Taxes articles include tips for business tax savings. From cashing in on tax credits to year-end tax savings, plus info about the tax benefits of different business formations, you’ll find it all here.

What is a FEIN, and how to get your federal tax ID number?
Starting a new business or changing an existing one? Here's a guide to how to apply for a federal tax ID number, how long it takes to get one, why you might need one (and when you don't), and when you'll need to get a new FEIN for your business.
February 6, 2024 · 8 min read
How will PPP loans be taxed?
Small businesses have better clarity on federal PPP compliance and taxation, but states may include different requirements.
February 5, 2024 · 3 min read
What Is a General Ledger and How Does It Work?
A general ledger is simply a master document containing all of a company's transactions neatly categorized. Let's see how it works and how it can work for your business.
February 5, 2024 · 3 min read
Self-employment deductions you might be missing
Self-employment comes with many benefits—and a high tax rate. Learn what you can do to maximize your profits by minimizing your taxes.
February 5, 2024 · 3 min read
How to get your business income & expenses tax ready
LegalZoom's guide can help you prep your business for tax time
February 2, 2024 · 2 min read
What Is an SG&A Expense?
Selling, general, and administrative expense is basically a fancy name for operating costs. Read this article to learn what is included in SG&A expense, and why it is a significant number.
February 2, 2024 · 3 min read
Brilliant deduction! Tax-saving tips for the small business owner
Smart business owners know they reap bigger benefits when they focus on taxes year-round.
February 2, 2024 · 4 min read
How to Prepare for an IRS Business Tax Audit
Being chosen for an IRS is audit is one lottery that nobody wants to win. The unavoidable fact is that certain triggers increase your odds; understanding and proactively preparing will ultimately better your position if your number comes up.
February 1, 2024 · 3 min read
Export from the U.S.? Consider an IC-DISC to take advantage of the capital gains tax rate
An Interest Charge Domestic International Sales Corporation (IC-DISC) can provide tax savings for shareholders of businesses that make or distribute U.S. products for export.
February 1, 2024 · 3 min read
10 key tax deductions for your small business
Own a small business? You may benefit from utilizing these 10 deductions to lower your taxable income. Key deductions include those for home office expenses, health insurance premiums, and startup costs.
January 31, 2024 · 5 min read