So, you have made the decision to start your own business, great! Let’s work on turning your idea into a reality. There is a lot to setting up a business properly, so this is why we have put together ...

While there may be other important tasks on your small-business tax checklist, the eight items above can fill in the gaps to help you reduce mistakes and ensure you don’t miss out on potential ...

Can you write off business clothing on your taxes? Learn the IRS rules with these legal tips for staying compliant and saving money as a small business owner or entrepreneur. Trump approves FEMA ...

Most small business owners can't wait until March or April to pay taxes. The IRS has a pay-as-you-go tax schedule for businesses, requiring business owners to pay estimated taxes on a quarterly basis.

When it comes to reducing your taxable income, write-offs and deductions play a key role. With the standard deduction, you’ll opt to have your income reduced by a set amount of $15,000 for ...

Your small business: Common business expenses, depreciable assets, home office expenses, the Qualified Business Income deduction, small employer health insurance premiums, and the Section 179 ...

For example, there are certain tax breaks and deductions that are afforded to small business owners and self-employed individuals that regular employees don’t get to take advantage of.

Here’s why daily accounting tasks are crucial for small businesses: Regular bookkeeping routines increase tax compliance. Late or inaccurate filings can result in IRS penalties.

The allowance previously stood at £5,000, but it is now set to rise to £10,500, which the government says will result in over 865,000 small businesses being exempt from paying employer NICs.