TaxesMelissa Angell 4 Things to Know About the Enhanced R&D Tax Credit That Can Save Your Business Up to $2.5 MillionThe Inflation Reduction Act doubled the research and development tax credit from $250,000 to $500,000. Here's what you need to know to tap into it.
TaxesMelissa Angell Why Throwing $80 Billion at the IRS Could Help Small BusinessesPaying taxes won't be any more pleasant, but it might be more efficient withe planned systems upgrades.
TaxesMelissa Angell Democrats' $437 Billion Tax and Climate Bill Is Here. 4 Ways Your Taxes Could Change in Its Wake The Inflation Reduction Act is filled with perks for businesses--and some tough tax talk.
All the HatsXintian Tina Wang How to Save Your Business Money With Better Tax PlanningCindy McGhee's accounting firm NextGen is helping 'underestimated founders' take action to reduce their tax burden.
TaxesMelissa Angell Democrats Reach Deal on Inflation Reduction Act, Without Raising Taxes on Small BusinessesThey'll have to stomach greater enforcement, however. The proposal offers to amplify the IRS's ability to clamp down on tax dodgers.
TaxesRebecca Deczynski The New 1099-K Reporting Threshold Makes Small Business Taxes Even More ComplicatedThe reporting threshold for payment systems like PayPal and Venmo is now just $600. It's time to get your paperwork in order.
MoneyLeigh Shuckman 3 Questions to Determine Eligibility for Your Employee Retention Tax Credit FundsGet this important credit before it is too late.
MoneyCarrie McKeegan Doing Business Overseas? This Frequently Overlooked Requirement Could Be Costing YouAmerican businesses must report foreign bank accounts to the government or face big fines. Soon, the Supreme Court will decide how much noncompliance will cost you.
TaxesCarrie McKeegan What to Do If You Make a Mistake on Your Business TaxesFixing business tax mistakes early can help you avoid debt and other risks. Here's how to handle each type of error.
Economic OutlookMelissa Angell Forget the Billionaire Tax. Here Are 5 Ways Biden's Budget Might Actually Help Spur Small BusinessPresident Joe Biden's budget request allocates a larger chunk of change to the Small Business Administration.
TaxesCarrie McKeegan How to Avoid Debt and the Estimated Tax Payment TrapMissing estimated tax payments can get costly for entrepreneurs and freelancers. Here's how to avoid this trap.
TaxesBryan Elliott 6 Strategies to Help You Pay Less Tax and Avoid IRS AuditsBehind the Brand with tax attorney Isai Cortez.
TaxesCarrie McKeegan Get Paid Through Peer-to-Peer Apps? Watch Out for This New Tax RuleA new tax rule for peer-to-peer payment apps means freelancers will need to be more diligent about tracking online transactions.
TaxesLJ Suzuki 4 Financial Mistakes to Avoid this WinterAs the New Year kicks in, some things to be aware of for 2022
TaxesBrent Johnson How the Empowerment Zone Tax Credit Can Save Businesses Thousands of Dollars This YearWith more awareness and participation, the Empowerment Zone Tax Credit could not only lead to more diversity in the workforce but will also help certain areas get out of poverty and stimulate profitability for businesses in these areas.
TaxesTor Constantino 4 End-of-Year Crypto Tax Considerations for Small BusinessesThe IRS is focusing on crypto tax dodgers. Paying attention to crypto tax rules now can help keep you paying IRS penalties later.
TaxesCarrie McKeegan Solopreneur Working Remotely? Check Out These Zero-Tax CountriesSelf-employed entrepreneurs enjoy additional autonomy which may allow them to work from paradise tax-free.
TaxesCarrie McKeegan Tax Implications to Know Before Starting a Business AbroadStarting a business abroad can bring tax challenges or benefits, depending on the structure you choose.
TaxesLJ Suzuki The Mixed Impact of Proposed Tax HikesSmall-business owners might come out ahead if the new legislation becomes law. Here's how to prepare.
TaxesGabrielle Bienasz The Clash Over a Tax Break for Investors Is Intensifying. Business Owners Should Take NoticeThe carried interest tax break for private equity and venture capital firms is once again in the spotlight, and founders could feel the results.
Taking CareDiana Ransom Get This Key Employer Tax Credit Before Congress Takes It AwayThe employee retention tax credit could be shortchanged to fund the $1 trillion infrastructure deal. Many eligible businesses haven't made use of it, but there's still time.
Taking CareDiana Ransom Biden's Secret Weapon for Passing the $3.5 Trillion Budget Resolution: Small BusinessThe president just recast his entire Build Back Better plan through the lens of the small-business person. Why that matters for his economic agenda.
Taking CareDiana Ransom Who Wins and Loses, as Democrats Look to Curb Tax Breaks for Pass-Through BusinessesThe goal is to refocus the benefit on actual small businesses.
TaxesGabrielle Bienasz How the New Child Tax Credit Is Helping Parent EntrepreneursBusiness owners say the monthly cash infusion could make it easier to handle their expenses--and their stress.
TaxesLJ Suzuki Why Small Business Should Care About the Global Minimum TaxChanges in global tax structure will affect even small companies. Here's how to prepare.
Taking CareDiana Ransom Biden Wants to Spend $1.8 Trillion to Buoy Families. He Won't Get It Without a FightHis plan would expand child care for families and educational opportunities, as well as offer tax cuts and credits for middle- and lower-income families. Paying for it will get dicey.
Taking CareDiana Ransom Biden's $2.3 Trillion Infrastructure Bill: Cheers for the Business Goodies, Jeers for the Tax Price TagThe massive package promises heaps of opportunities for business owners. Paying for it all is another story.
TaxesSara Mauskopf Why the New Child Tax Credit Is Great for Employers, TooBusiness owners just received a lifeline when it comes to hiring and retaining their parent employees.
Taking CareBrit Morse What You Need to Know About Employee Retention CreditsThe American Rescue Plan extends a key crisis-era tax credit that could get you some serious cash. But you have to act fast.
TaxesCarrie McKeegan The IRS Plans to Audit More Small Businesses This Year. Here's What You Need to KnowDespite a year filled with pandemic-related tax changes, there are solid strategies businesses can put in place to eliminate mistakes and avoid an audit.
TaxesShama Hyder 4 Tax Tips Every Small Business Needs to KnowYour 2020 tax return may look a bit different than it did in previous years.
TaxesKimberly Weisul PPP Loans Are Supposed to Be Tax Free. These 19 States Didn't Get the MemoA handful of states are looking to fix the problem, but you may not like the changes.
Covid Resource CenterDiana Ransom Why Georgia's Senate Runoff Vote Could Be a Win for Small BusinessThe path is clear in Congress for Biden's sweeping agenda, which includes another round of stimulus and a green infrastructure plan.
Tax Guide Business OwnersCarrie McKeegan How Entrepreneurs Can Save on Taxes by Working AbroadSelf-employed Americans living abroad can claim special tax credits and exclusions. Find out how to qualify and how much you can save with each.
PoliticsCameron Albert-Deitch These 17 Ballot Measures Could Reshape Small Businesses Across AmericaVoters in 10 states made decisions that could alter the gig economy, data privacy laws, business taxes, the minimum wage, and the expanding legal marijuana industry.
TaxesJames B. Biagi How Donald Trump Changed Your Taxes--and What Joe Biden Could Do to Unravel It AllA look at what taxpayers can expect under a second Trump administration or a first Biden administration.
TaxesJames B. Biagi The Estate Tax: Unpacking the Current State of PlayWhere this often-debated tax stands for 2020, and how to plan for the future.
SafeguardsDiana Ransom The Good, the Bad, and the Ugly of PPP Loan Forgiveness DelaysSome banks aren't even ready to process PPP loan forgiveness applications--nearly a month after the SBA program launched. Why that's going to put a lot of business owners in a bind.
TaxesEric J. Allen 3 Key Takeaways From Donald Trump's Tax ReturnsThe president's returns show a lot of issues. Here are some of the biggest.
TaxesDiana Ransom Why Businesses Should Ignore Trump's Payroll Tax HolidayThe president signed a series of executive orders that are supposed to help Americans. But for business owners, they're another headache to handle.
TaxesJames B. Biagi How Remote Work Changes Your State Income Tax People who live in one state and work in another pay taxes in both. But what happens when you only work from home?
TaxesJames B. Biagi How to Get an IRS Payment PlanFederal taxes are due July 15. Here's how to get a payment plan from the federal government.
SafeguardsJames B. Biagi PPP Loan Forgiveness: What You Need to KnowTake these steps to ensure you're complying with the law.
TaxesJames B. Biagi How the Cares Act Changes Charitable Contribution RulesYour donations to help Covid-related causes can be tax deductible. Here's what you need to know.
TaxesCarrie McKeegan Self-Employed? How to Get a Tax Break on Your New Home OfficeSpent money on a new home office this year? Freelancers and entrepreneurs can use this tax deduction to save on remote work expenses.
TaxesJames B. Biagi Using Retirement Funds to Cover Covid Financial LossesThinking about taking a withdrawal from your retirement plan to cover expenses? Some things to consider.
TaxesJames B. Biagi Be Careful With Cares Act Taxes The Cares Act allows for delay of federal payroll tax payments, but you will still have to make them at some point. Be sure you keep that cash on hand.
Covid Resource CenterEmily Canal You Now Have Until July 15 to File Your Taxes. Here's What Else You Need to KnowThe IRS offers new filing guidelines meant to provide clarity for its historic tax delay. Here's everything you need to know about what it means for your individual and corporate filings.
Cash FlowMartin Crutsinger Many Businesses Can Now Delay Paying 2019 Taxes for 90 Days Past the April 15 DeadlineCorporations will be able to defer payment on up to $10 million and individuals will be able to delay paying up to $1 million in payments.
TaxesBridgette Austin Your Ultimate Guide to Tax Write OffsReview these tax write-offs prior to filing your taxes to save yourself some cash.
TechnologyJason Aten Facebook Is Preparing for a $9 Billion Showdown With the IRSA nearly decade-long battle is about to end up in court, and the outcome could have a dramatic impact on both parties.
TaxesJ.C. McKissen Rust Belt? What Rust Belt? Northwestern Pennsylvania Recognized as Top Urban Opportunity ZoneOpportunity Zones have brought investment capital, and hope, to economically challenged communities across America.
Icons & InnovatorsMinda Zetlin Amazon Says It Will Pay $1 Billion in Federal Income Tax ... SomedayYou don't pay taxes before you have to, and Amazon doesn't either.
TaxesGene Hammett 4 Common Small Business Tax Mistakes and How to Avoid ThemTaxes strike fear in many entrepreneurs, but what you don't know could hurt you in 2020.
TaxesCarrie McKeegan Attention, Online Retailers: This Supreme Court Ruling Makes Tracking Sales Tax a Nightmare. Here's How to Get ByThe South Dakota v. Wayfair court decision has made tracking sales tax almost impossible for small business owners. Here's how they can survive.