Small Business Tax Advice

A tax refund anticipation loan is tempting, especially if your business is experiencing cash flow issues and you need cash quickly.

Here are some things you can do to minimize your business' tax liability and make your relationship with the IRS as pain-free as possible.

Collecting sales tax isn't an optional task for small business owners. Make sure you collect sales tax and report it accurately and on time.

Small business taxes can really add up, but the one thing you really can't afford is to not understand your tax obligations.

Married couples who own a business face a litany of specialized issues when it comes to small business taxes. Here's a quick primer on taxes for husband and wife businesses.

In a tough economy, barter trades become more popular. But you cannot avoid taxes by bartering. We discuss tax obligations on barter deals.

Bartering in business is a growing phenomenon. Ironically, bartering was the only option ages ago, before cash was invented. But now bartering is making a comeback, and for good reason.

Take control of taxes instead of having taxes take control of you. Here are twenty great tax tips for all you amazing small business owners who drive progress and economic growth.

Started a business on your own? Discovering new things as you go along can get frustrating sometimes, especially, if they need a lot of attention. One such task is filing tax returns. Here's how you can simplify filing returns.

Filing business taxes can seem like a daunting task, especially when you have to pay taxes. So how do you file your business taxes and survive?

Preparing your own small business taxes can be a pain. Plus, you might be leaving money on the table. Here's how to chose a tax preparation professional for your small business.

Want to know how to avoid an IRS audit? If you are a business owner, getting audited by the IRS can quickly derail any progress you are making in growing the business. As such, it's smart to take steps to avoid an IRS audit in the first place.

Looking for tips on hiring a small business tax advisor? Here are three simple tips that will help you find a good tax professional.

Small business startups face a range of important tax issues. Our business startup tax essentials will guide through the tax requirements and tax reduction strategies your need for your new business venture.

Beyond simple business taxes, your business may owe excise taxes. Here are a few important things you need to know about excise taxes.

There are tax implications to selling or otherwise disposing of business property. Here are a few things to keep in mind when reporting your gains or losses.

The Small Business Jobs Act finally passed. That sounds like good news, right? But what's in it for average small business owners and how could it affect your company?

Consistency is the key when it comes to choosing an accounting method for tax purposes. Here's what you need to know about cash versus accrual accounting for small business taxes.

When it comes to income tax reporting, your company may not be required to adopt the calendar year as your tax year. Instead, you can choose to establish your own fiscal year for tax purposes.

The IRS requires taxpayers to maintain records related to their income tax returns. But how long do you really need to keep small business tax records?

Whether you know it or not, you are afforded certain rights in your dealings with the IRS. The IRS is tough, but here are some the rights you have as a small business taxpayer.

The IRS understands that mistakes happen. Here's how to stay on their good side by correcting a past mistake in your small business tax filing.

Believe it or not, the IRS wants your small business tax filing experience to be as easy as possible -- and they offer a range of online resources to help take the pain out of business tax reporting.

Sales taxes are added to the cost of a product or service and are generally paid by the customer.

Local authorities may tax personal property like machinery, equipment, furniture, supplies, leased equipment, and even movable machinery used in a business.

Every state levies some form of tax on small businesses, but in some states some business structuress (especially sole proprietorships) have little to no tax imposed.

Self-employment tax is a social security and Medicare tax for individuals who work for themselves, similar to social security and Medicare taxes withheld from the pay of wage earners.

Employers are responsible for withholding taxes from employees' paychecks, sending them to the proper government agencies, and other employer tax obligations.

An Employer Identification Number or EIN, sometimes called Federal Tax ID Number, is a nine-digit number assigned by the IRS.