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 the Corporate Income Tax?
A corporation pays tax on its earnings, similar to the way individuals do. However, corporations use different tax forms and pay different corporate income tax rates.
January 17, 2024 · 2 min read
How to pay taxes on side jobs
If you have a side job, be sure to pay your income tax throughout the year. Don't wait until tax season. You'll need to pay taxes directly to the IRS via quarterly estimated tax payments.
January 16, 2024 · 4 min read
How LegalZoom's Tax Help Guide can assist you all year long
January 15, 2024 · 2 min read
California offers tax relief to new and struggling businesses
California's new COVID-19 economic initiatives are meant to be a lifeline for small businesses.
December 28, 2023 · 4 min read
Tax avoidance vs. tax evasion: What business owners need to know
We all want to minimize our tax burden, but the difference between legal tax avoidance and illegal tax evasion can mean hefty fines and maybe even a prison sentence.
December 27, 2023 · 3 min read
Guide to tax deadlines for small business owners
Businesses have deadlines throughout the year, but with some knowledge and organization, keeping track of them doesn't have to be complicated.
December 18, 2023 · 4 min read
Section 179 vs. bonus depreciation: Which is right for your business?
Since Section 179 and bonus depreciation are not mutually exclusive, your business can benefit from both. Learn how to leverage this to your advantage.
December 6, 2023 · 3 min read
Double Declining Balance Method: A Depreciation Guide
How do you calculate the double-declining balance method of depreciation? What are the pros and cons of using the double-declining balance method? Here's how you can decide if double-declining balance is right for your business.
December 6, 2023 · 3 min read
How Far Back Can a Business Be Audited by the IRS?
Everybody dreads an IRS audit. Generally, you can stop worrying about an audit after three years, but sometimes the IRS can audit up to six years back, and rarely, even longer. When can you stop worrying and throw out all your old receipts?
December 6, 2023 · 2 min read
What you need to know about filing an offer in compromise with the IRS for your business
Learn the basics about submitting an offer in compromise if you can't pay your federal tax bill for yourself or your business. It may be the solution you've been looking for.
December 5, 2023 · 5 min read