As a small business owner, you typically need to spend money to make money. The upside? You can deduct qualifying business expenses on your taxes to lower your overall tax liability. But how do ...

Various 2021 IRS tax forms on a wood desktop. One of the most common tax complaints I hear from small business owners is about filing their taxes. Paying isn’t their biggest objection, though they ...

Andy Smith is a Certified Financial Planner (CFP®), licensed realtor and educator with over 35 years of diverse financial management experience. He is an expert on personal finance, corporate finance ...

In what’s sure to be welcome news for small and midsize companies, the Section 179 tax deduction has been increased by $30,000 for 2025. The total deduction is now $1.25 million. In addition, the ...

Starting and running a small business is expensive. There are many different costs that go into operating a business, but many can be tax write-offs. For an expense to be deductible, the cost must be ...

There’s a lot to love about being a small business owner, but we’d be lying if we said it didn’t come with its fair share of challenges, especially around tax season. From figuring out how to manage ...

Nothing is certain in the new year–not even taxes. In 2024, entrepreneurs will have to deal with a federal tax code that’s largely in limbo. That’s because the end of 2025 is set to usher in some ...

April 15 isn’t the only small-business tax deadline. Here are the others to mark on your calendar. Many, or all, of the products featured on this page are from our advertising partners who compensate ...