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Small business owners: these improvements are coming soon

Good news for small business owners — improvements to IRS phone service and online options are coming as a result of the Inflation Reduction Act. These customer service upgrades will make it easier and more convenient to file online...

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  • June 1, 2023

Upcoming IRS improvements for small business owners

FS-2023-13, May 2023  As part of National Small Business Week, April 30 to May 6, the Internal Revenue Service wants small business taxpayers to know they will soon see changes to help them better interact with the Internal Revenue Service...

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  • May 8, 2023

What small business owners should know about the depreciation of property deduction

Depreciation is an annual tax deduction that allows small businesses to recover the cost or other basis of certain property over the time they use the property. It is an allowance for the wear and tear, deterioration or obsolescence...

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  • December 1, 2021

Small business owners should use the correct form to pay employment taxes

Small business owners should review the rules for filing two commonly-used employment tax returns. The two forms are: Form 944 Employer’s Annual Federal Tax Return Form 941 Employer’s Quarterly Federal Tax Return Small business owners should remember these two...

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  • December 19, 2019

Small business owners should find out if they can benefit from claiming this deduction

The home office deduction can help small business owners save money on their taxes. Taxpayers can take this deduction when they file their taxes if they use a portion of their home exclusively, and on a regular basis, for...

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  • November 7, 2019