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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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.
· 3 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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How to Pay Taxes on Side Jobs
If you have a side job, be sure to pay your income tax throughout the year. Don't wait until tax season. You'll need to pay taxes directly to the IRS via quarterly estimated tax payments.
· 4 min read
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What Are Federal Tax Brackets?
Different levels of income are taxed by the U.S. government at different rates. The IRS uses federal tax brackets to determine the rate to be paid on each level of taxable income.
· 1 min read
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How LegalZoom's Tax Help Guide Can Assist You All Year Long
To prepare your business taxes, we've provided a few resources to get you ready. Get your business ready for taxes Gather your income and expenses First, gather your income and expense documents. This could be from bank statements, credit card statements, invoices, or receipts.
· 3 min read
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California Offers Tax Relief to New and Struggling Businesses
California's new COVID-19 economic initiatives are meant to be a lifeline for small businesses.
· 4 min read
