One mistake I see many business owners make is failing to adequately research their business structure. When starting an LLC, ...

If you earn rental income, you must report this on your taxes. This is true whether you have an extensive rental business ...

For the love of liberty, don’t scrap it.

Learn about the best tax write-offs for small businesses and self-employed individuals to maximize your deductions and reduce ...

On 11/4/24, the Internal Revenue Service issued a warning to taxpayers regarding the dangers of engaging with promoters of ...

The 2025 tax year is likely to be anything but typical. There’s a new administration, a new Congress—and some of Trump’s 2017 ...

In 2024, the standard deduction is $14,600 for single tax filers, $29,200 for joint filers, and $21,900 for people filing as ...

If you're self-employed or a freelancer, deducting your business expenses can save you considerable money on taxes. Depending on how much you've already spent on your professional work this year ...

The easiest way to claim a home-office tax break is by using the standard home-office deduction, which is based on $5 per square foot used for business up to 300 square feet. The "regular method ...

The latest report also sheds light on the Small Business Energy Incentive, a similarly devised scheme that granted small businesses 20% tax deductions on electrification and energy efficiency ...