Starting and running a small business is expensive. There are many different costs that go into operating a business, but many can be tax write-offs. For an expense to be deductible, the cost must be ...

Andy Smith is a Certified Financial Planner (CFP®), licensed realtor and educator with over 35 years of diverse financial management experience. He is an expert on personal finance, corporate finance ...

The qualified business income deduction, also known as QBI, is one of the most powerful deductions still on the books for ...

Understanding the ADA tax credit is one thing, but strategically leveraging it is another. Here’s how leaders can turn ...

Filing taxes for small businesses can be overwhelming and intimidating. There are so many questions you need to answer to get it right. What are the right forms for my business? What taxes am I ...

For example, if your business is a partnership, you and your partner will need to fill out joint and individual forms. However, if you have a sole proprietorship, you’ll likely only need one or two ...

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 ...

Entrepreneurs have no shortage of responsibilities — or business expenses — that can often feel overwhelming, especially during tax season. Fortunately, small business owners are often eligible for ...

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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 ...

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Some gifts are taxable; others aren’t ...