Tags » Small Business Taxes

Small Business Tax Articles

Small Business Owners, it is tax season!! Check out these tax articles for tips as you prepare for the grind of either doing your own taxes or for hiring a professional!   147 more words

Small Business Operations Management

Choosing a Business Entity

When you decide to start a business, one of the most important decisions you’ll need to make is choosing a business entity. It’s a decision that impacts many things–from the amount of taxes you pay to how much paperwork you have to deal with and what type of personal liability you face, and with the passage of the Tax Cuts and Jobs Act of 2017, it’s more important than ever to choose the business entity that benefits your business. 1,242 more words


Stumbling Through Pass-Through Tax Reform

The GOP tax reform bill passed by the House of Representatives last week contains a reduced tax rate for “pass-through” business income. The discussion of this provision… 568 more words


How Health Savings Accounts Can Put Money Back in Your Pocket

Is your business taking advantage of one of the least utilized and most misunderstood elements of the tax code?

During this online webinar replay, SCORE Mentor Dick VerEecke will discuss how a Health Savings Account can shelter some of your income and reduce your taxes.  111 more words

Small Business

Self Employed: Don't Miss the Health Insurance Deduction

If you are self-employed you may be eligible to deduct costs associated with premiums for medical, dental, and certain long-term care premiums.  Premiums paid for yourself, spouse, dependents, and certain non-dependent children under 27 are eligible for this deduction. 515 more words

Tax Deductions/Benefits

Lean Wednesday Tip: Tax deductible Holiday Expenses

“Employee parties/outings, public entertainment and charity events are 100% deductible.”


SIMPLE IRA Plans for Small Business

Of all the retirement plans available to small business owners, the SIMPLE IRA plan (Savings Incentive Match PLan for Employees) is the easiest to set up and the least expensive to manage. 884 more words