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,
For a business structured as a limited liability partnership (LLP) or a limited liability company (LLC), the passive activity loss (PAL) rules may limit your ability to deduct losses. In
For many small businesses, worrying about the provisions of the Affordable Care Act (ACA) isn’t a top priority, as they usually lack the number of employees required. But the rules
For some research and development activities, companies may qualify for a federal research credit. However, not all research activities qualify, and the credit can be difficult to calculate. But, the
