Tax Deductions

Tax Center

The 3 Most Common Mistakes Entrepreneurs Make on Their Taxes

CPAs reveal the big IRS no-no's committed by 'treps
Finance

Will Your Business Fall Victim to the Dreaded Tax Audit?

Even if you have all of your ducks in a row, the IRS could hand select your return to be audited. Here are some reasons why.
Finance

Tax Tips: 5 Rules for Deducting Business Meals

Follow these suggestions in order to optimize what you claim come tax time.
Taxes

Options for Deducting Your Company's Auto Expenses

Deducting auto expenses can confound small-business owners, but it doesn't have to. Here's a quick explanation of your options.
Finance

The Road Ahead For Entrepreneurs And Tax Reform

Tax reform is happening. Kind of. And slowly. Here are some predictions of how it might all play out.
Finance

What to Know About Changes to the Home-Office Deduction

There are changes to how you can deduct the home space you use for your business. Here's what you need to know.
Finance

Can I Deduct That? Your Tax Deduction Checklist

Figuring out what you can and can't deduct as a business expense is challenging. These tips help you lower your tax bill without running afoul of the federal tax code.
Finance

As Tax Reform Stalls, Small-Business Owners Spend Up To 150 Hours on Their Taxes

A new taxation survey finds that the administrative burdens of paying taxes are more significant than the financial burdens. Here are a few tips on how to keep the time devoted to your taxes to a minimum.
Finance

5 Questions to Ask Before Filing Your Taxes

Don't file your taxes just yet. You could save yourself more money by answering these five simple questions.
Finance

Are You Leaving Money on the Table? 5 Often Overlooked Tax Deductions

At tax time, novice entrepreneurs will quickly find out just how complex the U.S. tax system is. But don't let that stop you from taking advantage of a few key tax deductions.
Finance

Tax-Time Crunch: 3 Deduction-Tips To Help Boost Your Bottom Line

April 15th is right around the corner. Here's how to minimize what you owe to Uncle Sam.
Starting a Business

Entrepreneurs Could Benefit from New Research and Development Tax Credit

Congress debates a bill that would extend a research and development tax credit to startups.
Finance

Calculating Your Home-Office Deduction Just Got Easier

The IRS provides a new streamlined option for determining how much you can deduct for your home-office space.
Finance

Tips for Writeoffs, Obamacare and Keeping the Tax Man at Bay

Tax accountant Mark Kohler offers need-to-know advice to business owners.