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.

Big tax breaks for small businesses
Reduce your tax obligation by taking advantage of the many small business tax breaks now available because of tax code changes.
October 25, 2023 · 3 min read
What Is a 1031 Exchange Form? How to Defer Taxes on Like-Kind Real Estate
If you own business or investment real estate, a Section 1031 like kind exchange can provide you with the opportunity to upgrade into a larger or more expensive property while deferring capital gains tax on the sale of your original property.
October 16, 2023 · 3 min read
Sum of the years digits: A depreciation guide
How do you calculate the sum of the years' digits method of depreciation? What are the pros and cons of sum of the years' digits versus straight line depreciation. Find out if sum of the years' digits is right for your business.
April 18, 2023 · 3 min read
Claiming the per diem deduction: Best practices for your business
Tracking, documenting, and reimbursing employees for their business travel expenses can be a pain. One way to simplify the process is by setting per diem rates.
April 14, 2023 · 3 min read
How do I reach IRS customer service?
Getting help from the IR can be challenging. If you have questions and need clarifications that can't wait, here are a number of ways to reach IRS customer service.
April 14, 2023 · 3 min read
How your business can claim the solar tax credit
Saving money on energy can also mean saving money on your tax bill.
April 13, 2023 · 3 min read
How to pay estimated tax payments online
Filing and paying estimated tax payments by quarterly deadlines can save you from expensive penalties at year-end.
April 13, 2023 · 2 min read
How tax planning can minimize your business' tax liability
What is the benefit of tax planning? To save more of your business' profits. Here are some useful tax savings strategies to reduce your business' tax liability today.
April 13, 2023 · 3 min read
The ultimate guide to sales tax for small businesses
As a business owner in a state that imposes sales taxes, you have an obligation to collect and report sales tax.
April 10, 2023 · 3 min read
What tax return does a business need to file?
Every business entity must report its income to the IRS, but it's not that simple. Which business return does your particular business need to file, and what other tax forms and deadlines do you need to keep track of?
January 27, 2023 · 5 min read