Small Business Tax Center

IRS to Take a Closer Look at Small Business Filings

BY Gabrielle Karol

Here are three important tips for how entrepreneurs can avoid getting into trouble with the IRS.

November 14, 2013 in Tax Center

5 Hiring Practices to Keep You Out of Hot Water With the IRS

November 13, 2013 in Tax Center by Barbara Weltman

Distinguishing between independent contractors and employees properly means covering all your bases. Here are five important steps to take.

How to Respond to a Letter From the IRS? Breathe.

November 7, 2013 in Tax Center by Amrik Randhawa

Getting a letter from the IRS can be a panic-inducing experience. Here's how to handle it and calm your nerves.

Big Business Risks Alienating Small Business by Shunning Tea Party

November 1, 2013 in Tax Center by Scott Shane

Maintaining an alliance with small-business owners is in the best interests of big-business leaders. Instead, there is a fight brewing.

Options for Deducting Your Company's Auto Expenses

October 28, 2013 in Tax Center by Mark J. Kohler

Deducting auto expenses can confound small-business owners, but it doesn't have to. Here's a quick explanation of your options.

The Road Ahead For Entrepreneurs And Tax Reform

October 22, 2013 in Tax Center by Dean Zerbe

Tax reform is happening. Kind of. And slowly. Here are some predictions of how it might all play out.

What to Know About Changes to the Home-Office Deduction

October 22, 2013 in Tax Center by Barbara Weltman

There are changes to how you can deduct the home space you use for your business. Here's what you need to know.

Frequently Asked Questions

Tax IDs

IRS Forms 1099 and W-2

View misc. FAQs|View all FAQs

Taxes 101: How to Maximize Your Dining Write-Off

October 7, 2013 in Tax Center by Mark J. Kohler

Many small business owners don't take full advantage of this deduction. Check out this video for more information on maximizing your write-offs and saving taxes.

October Means It's Tax Time For Many Businesses

September 25, 2013 in Tax Center by Barbara Weltman

Most folks don't think about taxes until the spring, but October has some important tax deadlines for business owners.

The Tax Break Most 'Green' Entrepreneurs Forget

September 23, 2013 in Tax Center by Dean Zerbe

If your business is involved in green design or construction, you could be leaving hundreds of thousands of dollars in tax write-offs on the table. Here's how to stop.

Why Missing Quarterly Tax Deposits Can Devastate Your Business

September 9, 2013 in Tax Center by Mark J. Kohler

Don't get yourself in trouble with the IRS. Here's how to make sure you stay on top of tax deposits.

What To Do If You Receive a 1099-K Notice From the IRS

August 27, 2013 in Tax Center by Barbara Weltman

Stay calm: It may not be an audit. Get some professional tax advice, gather up your records and respond, says tax expert Barbara Weltman.

The Half-Baked Plan for Pot Legalization

August 15, 2013 in Tax Center by Ray Hennessey

Increasingly, marijuana is seen as a potentially big financial opportunity. But the tax man is making it a business buzz-kill.

The IRS Wants to Know If Your Freelancer Should Be Getting a W2

August 14, 2013 in Tax Center by Jeff Wald

When the U.S. government is hurting for pennies, you'd better mind your Ps and Qs.

5 Reasons the IRS's New Focus on Small Businesses Is Ridiculously Egregious

August 12, 2013 in Tax Center by Ray Hennessey

The IRS is sending letters to tens of thousands of small businesses asking if they are underreporting revenue, according to new reports.

Buying Up Powerball Tickets? Remember the Lottery is a Tax

July 31, 2013 in Tax Center by Ray Hennessey

There is a load of hoopla over the latest Powerball jackpot, now up to $235 million. But from a business standpoint, these kinds of lottery awards can be nothing but trouble.

What Obama's Grand Tax 'Bargain' Would Mean for Your Business

July 30, 2013 in Tax Center by Catherine Clifford

President Obama today unveiled a plan to close overseas tax loopholes, lower corporate topline tax rates and invest in infrastructure growth in the U.S. to generate jobs domestically.

Why Overseas Job Creation Is Good for U.S. Workers

July 30, 2013 in Tax Center by Ray Hennessey

Rather than robbing jobs, increased growth overseas actually helps companies domestically, which is good for both employees and investors.

OPINION: For Employers, Obamacare Penalties Abound

July 29, 2013 in Tax Center by Ray Hennessey

When it comes to the increased trend of adding part-time jobs under Obamacare, what looks like a 'win-win' is actually a 'lose-lose' for businesses.

How Big Businesses Slash Taxes With R&D; Credit -- and How Yours Can, Too

July 29, 2013 in Tax Center by Dean Zerbe

A look at how small businesses can take advantage of the research and development tax credit to cut their taxes and improve their bottom lines.

Calculators

Break Even Calculator

Break Even Analysis is an expected component of most business plans. This calculator shows how much revenue you need to cover both fixed and variable costs.