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.

How to file LLC taxes
If your business is organized as an LLC, your tax professional may recommend that your business entity be taxed as a sole proprietorship, a partnership, or a corporation, and you may be responsible for self-employment taxes in addition to federal taxes and state income tax.
March 25, 2024 · 9 min read
Can an LLC be taxed as an S corporation?
Navigating taxes for your LLC can seem like a daunting process. Let's look at how your LLC can be taxed as an S Corporation.
March 21, 2024 · 3 min read
What are the tax benefits of an LLC?
An LLC offers several tax benefits, including simply having the flexibility to choose how you want the entity to be taxed.
March 21, 2024 · 2 min read
How to issue a 1099 to an LLC
If your business pays an LLC more than $600 a year for rent, business services or independent contractors, you’ll need to issue a federal form 1099 to report those payments to the Internal Revenue Service. Here’s what’s required.
March 21, 2024 · 3 min read
Reduce self-employment taxes with a corporation or LLC
Self-employment taxes can take a big bite out of your income—but you can take steps to minimize the impact.
March 21, 2024 · 3 min read
Are LLC startup expenses tax deductible?
The expenses you incur as you set up your LLC are tax deductible, though you need to know important limits, exceptions, and rules to legally deduct these costs.
March 18, 2024 · 2 min read
Year-end tax tips for every business owner
Are you planning now to reduce your tax burden in April? You should be. Check out these year-end tax tips for business owners to get started in the right direction.
February 20, 2024 · 2 min read
How to fill out a W-9 for a nonprofit corporation
Even though your nonprofit has tax-exempt status, you may need to fill out a W-9 when working with other businesses.
February 6, 2024 · 2 min read
What is a FEIN, and how to get your federal tax ID number?
Starting a new business or changing an existing one? Here's a guide to how to apply for a federal tax ID number, how long it takes to get one, why you might need one (and when you don't), and when you'll need to get a new FEIN for your business.
February 6, 2024 · 8 min read
Filing taxes for a small business with no income: What you should know
Are there any benefits to filing taxes for a small business with no income? It depends. You should be aware of these specific tax situations.
February 6, 2024 · 4 min read