Small business owners should always work with an accountant at tax season to ensure everything is properly filed. Thankfully ...

The IRS properly sought $380,000 in deficiencies and penalties from a couple who failed to prove they were entitled to a $2.1 million loss deduction related to their Indiana businesses, the US Tax ...

Your business will also have access to special tax deductions that aren't available to sole proprietors or partnerships. As the corporation's owner, you are not personally liable for business ...

At the end of 2025, the 20 percent Small Business Deduction (also known as the 199A pass-through deduction) is set to expire—and that could mean a massive tax hike for entrepreneurs and startups.

Below, let’s explore critical small business tax deductions, breaking them down by category to help maximize your savings. Everyday items such as pens, printer ink, and paper, as well as larger ...

Shadow Treasurer Angus Taylor said the new deduction would apply to meal and entertainment expenses that have a connection with business activity and income, including dining and entertainment ...

The Opposition Leader will commit to introducing a new $20,000 tax deduction for small businesses at an inner city rally in the Queensland capital on Sunday, the Courier Mail has reported.

Once that cap is reached, the deduction decreases on a dollar-for-dollar basis. Companies can purchase or finance eligible new and used business equipment, and deduct 100 percent of the purchase ...