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.

What Makes the 2020 Tax Season Different for Small Businesses and Consumers

Understand how your tax burden might be affected by factors such as working from home, caring for children during school closures, getting ill, and…

LLC or LP: What's Best for Your Business?

Understanding the relative benefits and limitations of an LLC and an LP is important when determining which type of entity would be best suited for…

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Brilliant Deduction! Tax-Saving Tips for the Small Business Owner

Smart business owners know they reap bigger benefits when they focus on taxes year-round.

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What Is the Annual California Franchise Tax?

The California Franchise Tax Board requires LLCs and corporations to pay an annual franchise tax in order to do business in the state of California.

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6 Steps to Filing Corporation Taxes

Not only do corporations have their own tax forms and special deductions, but many small corporations can choose how they are going to be taxed.

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6 IRS Audit Red Flags to Avoid

About 1 to 2 percent of all tax returns are audited each year, here are some red flags the IRS looks for that you can avoid.

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How to File LLC Taxes

If your business is organized as an LLC, it may be taxed as like a sole proprietorship, a partnership or a corporation, and you may be responsible…

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10 Ways to Prevent a Tax Audit

Use these strategies to minimize your risk of receiving a letter from the IRS.

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Tax Advantages If You Are a Professional Corporation

A professional corporation can provide numerous benefits. Find out if your business can benefit from being taxed as a Professional Corporation.

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Could You Turn Your Business Into a Nonprofit?

Thinking about converting your for-profit business into a nonprofit? Find out why you might want to make such a change, and how to go about it.

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