Starting a business? Know what qualifies as a capital expenditure and a start-up cost, and which ones can be deducted.
Whether you’re a serial entrepreneur or simply looking to grow your small business to a sustainable level then reassess your goals, it’s crucial to understand your venture’s financial results.
Growing your business to the point that you need to hire employees is exciting. It’s also rife with admin burdens that you don’t want to be unprepared for.
Children who are dependents of their parents are subject to what is commonly referred to as the kiddie tax. This generally applies to children under the age of 19 and full-time students over the age of 18 and under the age of 24. The kiddie tax originated many years ago to close a tax loophole…
If you’re a small business owner, you may qualify for a home-office deduction. We explain the qualifications and two methods in this week’s Business Tip.
What distinguishes a business from a hobby? We explain the IRS’ nine factors to consider when making that judgement in this week’s Business Tip.
Determining the tax deduction for a foreign business trip of a self-employed individual that is combined with a vacation can be complicated. We offer pointers in this week’s Business Tip.