The IRS treats the owner of a sole proprietorship and the business as a single entity. Instead of paying a 21% corporate tax rate, your sole proprietorship tax rate is based on your personal income tax bracket. Sole props file an annual tax return on April 15 but may be subject to other tax filings….
All Business Taxes Articles - Page 3
Top 27 Business Tax Saving Tips from the Pros
Taxes are an important aspect of running a business. You need to be aware which taxes to pay and when they are due. It can be overwhelming, but planning ahead can help you file on time and claim the right deductions. Here experts share the most effective business tax saving tips you can try. Below…
Maximize Your Tax Refund in 4 Easy Steps
Business tax deductions and credits will help you lower your tax bill. You might be familiar with the most common tax deductions, like wages paid to employees, business meals and advertising costs. However, you may not be as familiar with deductions for your home office, automobile and interest paid on business loans and credit cards….
Deducting Travel & Entertainment Expenses: The Ultimate Guide
Most people know that travel and entertainment expenses are deductible, but don’t understand all of the rules and regulations around it. In general, you can write off 100% of all business-related travel expenses and 50% of all business-related entertainment expenses. In order to deduct the expenses, they must meet specific requirements set by the IRS….
Find Your State Tax Website
If you’re opening a store, one of your first steps will be to register with the relevant state tax agency. They will help you find out exactly what taxes you are required to charge, based on your type of business and your inventory. Using a POS such as will enable you to charge customers taxes…