Tag: Business Tax

Start-ups have many decisions to make, and choosing a legal entity is one of the most important. Your entity type affects how your business is taxed, how profits and losses

If you have a side gig such as an online crafting store or a guitar gig at a local venue in addition to your regular day job, you’ll need to

If you own commercial real estate as a real estate developer or a small business owner and are thinking about potentially selling a property, a Section 1031 like-kind exchange may

It’s common to have questions about deducting business expenses on your federal income tax return if you’re self-employed. Take a look at five self-employed tax deductions that are commonly overlooked

Many businesses rely on intangible assets like goodwill, trademarks, and customer lists. However, its important to consider that the IRS doesn’t treat all intangibles the same way when taxing. These

Roth IRAs are often overlooked by small business owners, as they usually assume their income is too high for them to qualify to make Roth contributions. In addition, some may

Even if you consider your business to be big, the government may not always agree when they classify it for tax purposes. Qualifying as a “small business” could open the

Through Employer Identification Numbers (EINs), payroll systems, and tax filings, businesses are easily targeted for tax identity theft. These crimes can have a significant financial impact, and your business may

A cost segregation study could be the key the unlocking an overlooked treasure chest of tax savings if your business owns commercial real estate property. A cost segregation study is

You may be eligible for a potentially significant tax break for qualified small business (QSB) stock if your business operates as a C corporation. Due to recent tax law changes,