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.
Business owners can be very busy. Having someone look after your kids may come up every now and then. Find out if you qualify for a tax credit.
Tax extensions are available to request an automatic 6 month extension for filing purposes. To be understand, read more here.
If you pass the substantial presence test, you will be considered a U.S. resident for tax purposes and would be subject to taxation in the United States.
Tax preparation fees are usually deductible. Find out what tax preparation fees are eligible for deductions. Read more here.
The Section 179 deduction allows you to fully deduct certain qualifying property in the year purchased. To better understand, read more here.
Understanding 401K plans and tax deductions helps makes doing your taxes easier. Be sure to know what you can deduct this year by reading more here.
Credit card and merchant fees are sometimes deductible on your taxes. To find out more, and how to ensure you qualify, read here.
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.
Interest expenses you incur as an artist may be tax deductible. This includes your studio and any other expenses your business may have.
The list below covers a handful of deductions that generally will not be allowed or eligible. To view this list click here.
The Retirement Savings Contributions Credit rewards entrepreneurs who contribute to qualifying plans by allowing them to take a credit.