Taxes
Read up on personal and business taxes along with how you can take advantage of little-known tips for tax savings.
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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
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How to Avoid a Tax Audit
Here are some steps you can take to reduce your chances of being chosen for a tax audit.
· 7 min read
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What Is a FEIN, and How to Get Your Federal Tax ID Number?
Starting a new business or changing an existing one? Here's a guide to how to apply for a federal tax ID number, how long it takes to get one, why you might need one (and when you don't), and when you'll need to get a new FEIN for your business.
· 7 min read
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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 expense, and why it is a significant number.
· 3 min read
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How to Prepare for an IRS Business Tax Audit
Being chosen for an IRS is audit is one lottery that nobody wants to win. The unavoidable fact is that certain triggers increase your odds; understanding and proactively preparing will ultimately better your position if your number comes up.
· 4 min read
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Export from the U.S.? Consider an IC-DISC to Take Advantage of the Capital Gains Tax Rate
An Interest Charge Domestic International Sales Corporation (IC-DISC) can provide tax savings for shareholders of businesses that make or distribute U.S. products for export.
· 4 min read
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10 Key Tax Deductions for Your Small Business
Own a small business? You may benefit from utilizing these 10 deductions to lower your taxable income. Key deductions include those for home office expenses, health insurance premiums, and startup costs.
· 5 min read
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What Is the Corporate Income Tax?
A corporation pays tax on its earnings, similar to the way individuals do. However, corporations use different tax forms and pay different corporate income tax rates.
· 3 min read
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Tax Avoidance vs. Tax Evasion: What Business Owners Need to Know
We all want to minimize our tax burden, but the difference between legal tax avoidance and illegal tax evasion can mean hefty fines and maybe even a prison sentence.
· 3 min read
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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.
· 4 min read
