Taxes

Discover the tax considerations and advantages that come along with running your own business.

Latest

Pass-through income tax reform: Where do things stand?

The Tax Cuts and Jobs Act was signed into law in December 2017, one of the more significant additions is the new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income.

Section 199A explained: What is this deduction and who qualifies?

The Tax Cuts & Job Act (TCJA) that was signed into law in December 2017 paved the way for the “Sec. 199A deduction.” In layman’s terms, this could result in big tax savings for small businesses and real estate investors.

IRS Schedule B instructions for small business owners

Learn how interest and dividend income is reported on Schedule B, and how your income is taxed. Read about how Schedule B is connected to Form 1040.

New survey reveals small business reaction to tax reform

Small business owners and accountants reveal their biggest tax challenges and how tax reform is affecting them in a new survey from QuickBooks Payroll.

9 common sales tax errors you didn't know you were making

Businesses must collect sales taxes on many types of sales. Here are 9 common sales tax errors that may have flown completely under the radar. Use these tips to manage the process of paying and collecting taxes

Independent contractor vs. employee: A small business owner's guide

If you misclassify workers, you could land in hot water with the IRS and the DOL. So learn the difference between an independent contractor vs. employee.

IRS Form Schedule D explained

Learn how investment gains and losses are computed on Schedule D. Read about how your gains and losses are taxed, and the impact on your tax liability.

Common expenses and tax deductions for Grubhub drivers

Discover deductions and tax forms used by Grubhub drivers, who are considered self-employed and therefore don't have taxes withheld like employees do.

The $123 Billion Cost of Employment Tax Violations

Employment tax violations are more expensive, despite fewer cases. The annual cost of employment tax violations in 2016 reached more than $6 billion. Employment tax fraud is not worth the risk. Read more on the latest research by QuickBooks Payroll.

Should Your Company Restructure to Take Advantage of New Tax Laws?

New research finds 63% of businesses are looking forward to the new tax laws. Should you restructure? Look at the pros and cons and decide for yourself

Tax Considerations When Setting Up Your Business

IRS Form Schedule A explained

Learn how to maximize your itemized deductions and lower taxable income. Read about Schedule A, and how this schedule impacts your tax calculation.

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