Three areas consistently create the biggest financial impact: choosing the right tax entity, maintaining accurate bookkeeping ...

If anything, remember you’ll make tax payments more frequently than you file tax returns. Many, or all, of the products featured on this page are from our advertising partners who compensate us when ...

In what’s sure to be welcome news for small and midsize companies, the Section 179 tax deduction has been increased by $30,000 for 2025. The total deduction is now $1.25 million. In addition, the ...

Keeping thorough financial records and preparing for tax obligations throughout the year can reduce errors and prevent unnecessary stress. Identify and apply for applicable tax credits, such as the ...

WASHINGTON, DC - FEBRUARY 13: A sign for the Internal Revenue Service (IRS) is seen outside its building on February 13, 2025 in Washington, DC. (Photo by Kayla Bartkowski/Getty Images) Today is the ...

There’s a lot to love about being a small business owner, but we’d be lying if we said it didn’t come with its fair share of challenges, especially around tax season. From figuring out how to manage ...

The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025 (registration required), and for small businesses, there was a reversal that could help both retroactively and for the next ...