To elect to be taxed as an S corp you must be an eligible domestic corporation. To see the benefits and know more, click here.
Employee wages may be a deductible business expense on your Schedule C. To find out more information on requirements, read here.
For a full list of Public Transportation Tax deductions read here. When it comes to filing your taxes, make sure you have all the necessary information needed.
If you are relocation for business reasons, your moving expenses may be deductible. To find out if you are eligible for a moving expense deduction read on.
As a business owner, you may be eligible to deduct repair and maintenance expenses you incur in the course of operating your business.
All state and federal employer payroll taxes will generally deductible on your Schedule C. Here's what you should know about payroll tax deductions.
Everything you need to know about tax form 1099s and the major differences. As a business, it's important to issue these properly. Read more here.
Adobe Creative Suite and other tools designers use for their business are tax deductible with the software and online subscription tax deductions.
Despite the tax benefits of hiring a contractor, you should carefully consider how the people you hire should be classified. Read how this can affect you.
Did you know a portion of business startup costs you incur and some organizational costs you incur can be deducted in the year you open your business?
If you pay franchise, trademark, or trade names fees, these costs generally are considered deductible business expenses. Read more here.
Business utility expenses including electricity, gas, water, telephone and internet are most likely deductible. To better understand, read more here.
If you purchase office furniture or equipment for business purposes, you may be eligible for an office furniture tax deduction. Read more here.
Do you know which forms are required to take advantage of the Health Savings Account deduction? Click here for more information and tips.
Travelling is often part of doing business. Depending on the travel purpose, it may be deductible as a business travel expense. Read more here.
Business owners entertain customers, employees and clients over meals every now and then. Meals may be deductible as a business expense. Read more.