Naomi Levenspil
CPA
More From This Author
IRS phone number for business: What to know before calling
If you find yourself among the multitudes of people who need to contact the IRS, here are some things you should know for once you get past the hold…
What Is Section 179?
Section 179 is a relatively small clause in the IRS tax code that can potentially yield big savings on equipment purchases. Understanding how to…
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…
What Is Capital Expenditure?
Capital expenditure describes purchases that are classified as assets because of the long-term nature of their useful life. An important marker of…
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…
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.
What Are Estimated Quarterly Tax Payments?
Quarterly estimated tax payments are one way the IRS makes sure you pay-as-you-go. Here's an easy guide to help you get it right.
How to pay quarterly taxes
Paying taxes four times a year sounds onerous, but it actually eases the burden of year-end taxes. Plus, the penalties for not paying quarterly taxes…
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…
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.