Provide W-2s. January 31 is the deadline for furnishing employees with their Form W-2, Wage and Tax Statement, which reports their compensation, tax withholding and certain employee benefits for ...

While there may be other items on your small-business tax checklist, these items can help you reduce mistakes and ensure you don’t miss out on potential tax savings.

A tax write-off or deduction are used by small businesses and large corporations alike. Deductions lower the the amount of income that is taxable.

Tax write-offs for small-business owners can be confusing. Four founders shared which expenses they wrote off for their businesses. Technology, rent, and travel are among the most important, ...

When tax season rolls around, neglected accounting tasks can haunt small business owners. It’s a pain to categorize income and expense transactions from memory or track discrepancies among ...

Starting and running a small business is expensive. There are many different costs that go into operating a business, but many can be tax write-offs. For an expense to be deductible, the cost must ...

How to Use a Small Farm for Tax Write Offs. A small farm is a special type of small business. The Internal Revenue Service (IRS) has different tax rules for farmers than it does for other types of ...

How to Close a Small Business and Write-Off Inventory. A sole proprietor can to close the doors of his business if it no longer seems viable or if a better opportunity comes along.

With the end of the tax year approaching, it’s time to take action to minimise the tax liability for your small business. One of the best tax breaks for small business remains the instant asset ...

Based on a new WSFS Bank Small Business Trends study’s findings, small businesses are considering this powerful tax write-off, as 45% of those surveyed are considering a loan to finance equipment.