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.
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What Is the Qualified Business Income Deduction?
The QBI deduction allows eligible individuals to deduct qualified business income from their taxable income. Find out it can provide your business with valuable tax breaks.
· 4 min read
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What Are the Benefits of Pass-Through Taxation?
One of the main tax benefits of electing a pass-through business structure is avoiding double taxation. Business earnings are only taxed once, on the owner or shareholder's personal tax return.
· 5 min read
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What Are the Tax Benefits of an LLC?
An LLC offers several tax benefits, including simply having the flexibility to choose how you want the entity to be taxed.
· 3 min read
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What Is a 1099 Form? What to Know as an Independent Contractor
Received a 1099 Form in the mail? You'll need it to complete your tax return as an independent contractor.
· 4 min read
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What Is Mello-Roos? the Ultimate Guide to This California Tax Law
If you have questions about Mello-Roos, we have answers. This California tax on properties is controversial and often misunderstood.
· 6 min read
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What Is a Schedule K1 Tax Form?
Why might you receive a Schedule K-1 and what do you need to do with it? If you have an ownership interest in a partnership, S corp, or LLC, you may receive a Schedule K-1. You should report the information from the K-1 on your individual tax return.
· 3 min read
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Make Business Tax Deductions Work for You
Small businesses never want to leave money on the table, whether negotiating a contract, setting prices, or filing taxes. That's why it's essential to understand what business deductions you're entitled to when filing your taxes. You probably know about some—office equipment and consulting fees, for example—but others are less obvious.
· 3 min read
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Reduce Self-Employment Taxes with a Corporation or LLC
Self-employment taxes can take a big bite out of your income—but you can take steps to minimize the impact.
· 3 min read
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How to Issue a 1099 to an LLC
If your business pays an LLC more than $600 a year for rent, business services or independent contractors, you’ll need to issue a federal form 1099 to report those payments to the Internal Revenue Service. Here’s what’s required.
· 3 min read
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Are LLC Startup Expenses Tax Deductible?
The expenses you incur as you set up your LLC are tax deductible, though you need to know important limits, exceptions, and rules to legally deduct these costs.
· 2 min read
