Prudent small-business owners hire professional tax and accounting help to ensure accuracy. Unfortunately, even with professional help, a gap in information sharing can still exist between the two ...

Filing small business taxes for the first time (or any time, really) can feel daunting, but it doesn't have to totally ruin your month. While the Internal Revenue Service, or IRS, is going to want to ...

As a business owner, I’ve seen countless entrepreneurs try to push the boundaries of what counts as a legitimate tax deduction. The line between smart tax planning and outright fraud isn’t always ...

Knowing which expenses your LLC can deduct is fundamental to maintaining healthy business finances. Every legitimate business expense you properly document and deduct reduces your taxable income, ...

There’s a lot to love about being a small business owner, but we’d be lying if we said it didn’t come with its fair share of challenges, especially around tax season. From figuring out how to manage ...

Not all expenses receive equal treatment under tax law. Deductible LLC expenses, also known as write-offs, are business-related costs that the IRS allows you to subtract from revenue, lowering your ...