Tax season often brings stress, but it’s also an opportunity to uncover savings for your small business. You can significantly reduce your taxable income and improve your financial health by ...

Keeping thorough financial records and preparing for tax obligations throughout the year can reduce errors and prevent unnecessary stress. Identify and apply for applicable tax credits, such as the ...

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 ...

Born in Omaha, Nebraska, Stoy graduated from Drake University with a BSBA in finance and a minor in business law and insurance. A former college athlete and teen development officer at the Boys and ...

WASHINGTON, DC - FEBRUARY 13: A sign for the Internal Revenue Service (IRS) is seen outside its building on February 13, 2025 in Washington, DC. (Photo by Kayla Bartkowski/Getty Images) Today is the ...

Changes under the new tax law are a modernization of the rules, Gray says. Aside from increasing the exemption cap to $15 million, the new tax law expanded eligibility for C corporations to issue QSBS ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Lars Peterson joined Investopedia in 2023 as a senior editor of financial product ...

Tax season doesn’t have to drain your business bank account. While most business owners know about tax deductions, many overlook the more powerful option: tax credits. We’re talking about direct, ...

As tax code changes passed during Trump’s first term demonstrated, small business tax cuts create a rising tide that lifts all boats. For example, real wages for working Americans increased at the ...

Rep. Gwen Moore, D-Wisconsin, a member of the tax-writing House Ways and Means Committee, introduced legislation Thursday to expand the Section 199A Qualified Business Income deduction to provide a ...

Type_webhead_here NEW YORK It can be tempting for small-business owners, once their income tax returns are filed, to put the whole issue of taxes behind them. Resist that urge. Owners who don't grasp ...

Now that House Republicans have agreed on a budget resolution to finance their legislative priorities, debate begins on the specific tax cuts to include in the final "big, beautiful bill." At the top ...