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Taxes

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Free Resources

Deductible Business Expense Categories

September 17, 2024. 11 MIN READ Written By: Liz Smith, CPA, MSTFP
  • Showing a graphic of a man trying to cut tax paper.

    15 Essential Tax Saving Tips for Small Business Owners

  • A document on different types of business formations

    Single-member LLC vs Sole Proprietor

  • Independent contractor agreement form with pen.

    Independent Contractor Taxes: The Ultimate Guide

Meet our Experts

Tim Yoder, Ph.D., CPA

More about Author

Liz Smith, CPA, MSTFP

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  • How to Fill-Out Forms
  • Tax Deductions
  • Tax Credits
  • DIY Tax Software
  • Tax Pros
Close up shot of a man's hand filling up a form.
Free Resources

How To Complete Form 1120S & Schedule K-1 (+Free Checklist)

January 09, 2025. 13 MIN READ Written By: Liz Smith, CPA, MSTFP
Showing form 1040 with calculator and pen.

How to Fill Out Schedule C

form 1065

Step by Step Instructions to Complete a Partnership Tax Return

Woman filling out tax form.

How to Allocate Tips on Form 8027

Scissor cutting the word TAX.
Taxes

The Difference Between a Tax Credit vs Deduction

October 15, 2024. 5 MIN READ Written By: Liz Smith, CPA, MSTFP
An employee calculating.

What Is the Home Office Tax Deduction?

Rental Property Tax Benefits and Deductions

Top 12 Rental Property Tax Deductions & Benefits

Employees are happily eating thier meals.

What Is the Meals & Entertainment Deduction?

Small business tax credt on computer screen.
Taxes

7 Small Business Tax Credits

April 28, 2023. 5 MIN READ Written By: Lea Uradu, J.D.
How to Claim the Tax Credit for Hiring Veterans

How to Claim the Tax Credit for Hiring Felons

Sticky notes with "Tax credits" written on it.

How To Claim the Tax Credit for Hiring Veterans

Commercial Clean Vehicle Credit

Qualifying for the Commercial Clean Vehicle Credit

A hand holding a mobile phone with "REFUND" text on a screen.
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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Buyer's Guide

6 Best Professional Tax Software Programs in 2025

April 22, 2025. 3 MIN READ Written By: Liz Smith, CPA, MSTFP
ProConnect Logo

ProConnect Tax Online Review: Features & Pricing

TaxAct Professional logo

TaxAct Professional Software Review: Features & Pricing

Drake Tax logo

Drake Tax Software Review: Features & Pricing

How To Couple holds a child on a calculator, depicts a social security payment which is distributed to the parents or guardians of children or teenagers.
How To

How Paying Your Child From Your Business Can Save Taxes

June 07, 2024. 7 MIN READ Written By: Liz Smith, CPA, MSTFP
Statistics Tax Facts and Stats in 2024.
Statistics

13 Tax Facts & Statistics

July 17, 2024. 8 MIN READ Written By: Tim Yoder, Ph.D., CPA

Meet our Experts

Tim Yoder, Ph.D., CPA

More about Author

Liz Smith, CPA, MSTFP

More about Author

FREE RESOURCES

Depreciation written on Notebook.

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

WRITTEN BY: Liz Smith, CPA, MSTFP

A woman pointing at a chart.

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

WRITTEN BY: Liz Smith, CPA, MSTFP

Close up shot of a man's hand filling up a form.

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

WRITTEN BY: Liz Smith, CPA, MSTFP

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