Rising Energy Costs and Small Business in 2026
Energy price volatility is driving up costs for small businesses. Learn how fuel, shipping, and supplier pricing affect your bottom line.
Business Expenses
Can a Self-Employed Taxpayer Mix Business and Pleasure During Foreign Travel and Still Get a Tax Deduction?
If you are self-employed and plan to travel abroad, you may be able to combine business and pleasure and get a tax deduction for some of your travel expenses.
Writing Off Your Business Start-Up Expenses
Individuals starting up a new business may be helped by a tax law allowing them to deduct up to $5,000 of the start-up expenses and $5,000 of organizational expenses.
Reasonable Compensation and S Corporations
Unlike a C corporation, which itself pays the tax on its taxable income, an S corporation does not directly pay taxes on its income; instead, its income, losses
Business Life Events
Steps to take before its time to sell your business
What few who are ready to move on realize is that selling requires almost the same amount of effort and planning. Details below.
Videos & Info Graphics
The tax implications of closing your business.
Taxes are a crucial part of closing a business. This video will help you check off the list of tax loose ends as you close your doors.
Videos & Info Graphics
Video: Quick Tips for Effective Tax Record-Keeping
Watch this video for tricks on how to keep good records of your business transactions and avoid running into problems with the IRS.
Video tip: 100% Business Meal Deductions
Congress is giving a 100% business meal tax deduction for 2021 and 2022 to support the Restaurant Industry. Watch this video for details.
Video: Standard Mileage for 2021 Announced
Watch the video to see the 2021 optional standard cents-per-mile rates for business, medical and moving purposes issued by the IRS.
Increased Business Meal Deductions for 2021 and 2022
If you recall, the Tax Cuts and Jobs Act (TCJA), effective beginning in 2018, eliminated the business-related deduction for entertainment, amusement or recreati