Business Taxes

Our Business Taxes articles include tips for business tax savings. From cashing in on tax credits to year-end tax savings, plus info about the tax benefits of different business formations, you’ll find it all here.

IRS interest rates on taxes your business owes
If you don't pay all the taxes you owe when they are due, you may owe interest and penalties on the outstanding balance. The amount of interest you owe depends on current IRS interest rates.
November 14, 2023 · 4 min read
A small business owner's guide to the California tax rate
As a small business owner, you will be subject to many types of taxes in California. Here is an overview of the types of taxes you will encounter and the state income tax rates.
November 14, 2023 · 3 min read
Do LLCs pay California income tax?
Find out if your new California LLC has to pay California income taxes.
October 31, 2023 · 3 min read
How to find deductions for travel expenses
With more consultants and business travelers hitting the road for business travel, it's time for a brush-up on what expenses are eligible for tax deduction while they're away. If you're unsure about what qualifies, read on.
October 27, 2023 · 15 min read
Collecting sales tax with a Certificate of Authority
Whether you're setting up shop at the farmers market or the grand opening of a retail store, collecting sales tax is an important part of running your business. Today we're going to look collecting sales tax with a Certificate of Authority.
October 25, 2023 · 4 min read
Are COVID-19 business disaster losses tax deductible?
While taxes aren't the first thing you want to think about when faced with disaster, taking account of your losses and claiming whatever deduction you can is an essential part of recovery.
October 25, 2023 · 3 min read
Big tax breaks for small businesses
Reduce your tax obligation by taking advantage of the many small business tax breaks now available because of tax code changes.
October 25, 2023 · 3 min read
What is a 1031 exchange form? How to defer taxes on like-kind real estate
If you own business or investment real estate, a Section 1031 like kind exchange can provide you with the opportunity to upgrade into a larger or more expensive property while deferring capital gains tax on the sale of your original property.
October 16, 2023 · 3 min read
What is a Schedule K1 tax form?
Why might you receive a Schedule K-1 and what do you need to do with it? If you have an ownership interest in a partnership, S corp, or LLC, you may receive a Schedule K-1. You should report the information from the K-1 on your individual tax return.
October 16, 2023 · 3 min read
Sum of the years digits: A depreciation guide
How do you calculate the sum of the years' digits method of depreciation? What are the pros and cons of sum of the years' digits versus straight line depreciation. Find out if sum of the years' digits is right for your business.
April 18, 2023 · 3 min read