Capital allowance is another general incentive available to businesses that purchase machinery or equipment for their ...

For startups running on little or no revenue, IRS compliance often becomes one of the most expensive line items on the books.

The government shutdown does not extend the October 15 tax filing deadline for taxpayers who requested extensions earlier ...

For most small business owners, success is typically followed by a substantial tax bill. Here are five things every owner should know.

Political donations from an LLC to candidates, PACs, or campaigns are not deductible. Charitable contributions by an LLC are ...

Built in partnership with Sage (FTSE:SGE), the leader in accounting, financial, HR and payroll technology for small and ...

I've found that most business owners don’t start thinking about taxes until December, when their accountant reminds them the ...

De minimis benefits – Some of the fringe benefits that are not eligible for tax-free treatment are season tickets to sporting ...

The IRS has released the new income limits for federal income tax brackets for the tax year 2026. The brackets you fall into determine how much you owe at tax time. For 2025 returns, which will be ...

U.S. President Donald Trump made a final push to keep his tax returns away from Manhattan's top prosecutor, saying he deserves a "fair chance" to show a subpoena for the returns was overbroad and ...

After years of uncertainty and changing requirements, the 1099-K reporting rules for 2025 are now set, and the thresholds ...