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How To Complete Form 1120S & Schedule K-1 (+Free Checklist)
January 09, 2025. 13 MIN READ
Written By: Liz Smith, CPA, MSTFP
Taxes
The Difference Between a Tax Credit vs Deduction
October 15, 2024. 5 MIN READ
Written By: Liz Smith, CPA, MSTFP
Buyer's Guide
Best Tax Software for Small Businesses in 2025
March 05, 2025. 4 MIN READ
Written By: Liz Smith, CPA, MSTFP
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FREE RESOURCES
March 27, 2025
MACRS Depreciation Calculator
Free Calculator
Use our free MACRS depreciation calculator to compute the deductible amount for each year of the asset’s life. The IRS’s MACRS depreciation tables are included, along with an explanation of how to use them to calculate MACRS depreciation by hand.
How to use our MACRS depreciation
September 17, 2024
Worksheet for Deductible Business Expenses
Free Worksheet
The list below includes the most common business expense categories that a small business may encounter; it’s not an exhaustive list. In general, you may deduct expenses that are ordinary and necessary for your business. The IRS website defines “ordinary” as something common for your
January 9, 2025
Documents Checklist for Completing Form 1120S
Free Checklist
The filing of Form 1120S is required annually for every S corporation (S-corp). The return includes a combination of financial data and questions about the nature and operations of the business. We’ll cover how to enter the financial information and do an in-depth dive into
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