Get an overview of all the different records and receipts you have to maintain as a small business owner and how to manage them efficiently.

Schedule K-1 in Form 1065 is submitted by partners of a business to report their profits and losses to the IRS. Read about the various aspects of Schedule K-1.

Here is a simple breakdown of IRS forms W2 and W4. The article explains how to use them and why they are important for your small business.

If you're a small business with employees, you need to file IRS Form 1096 along with your 1099 form. Read on to learn how to file 1096 tax forms..

This guide explains how to file business taxes in three easy steps. Read on to know the documents required and the tax forms to submit based on your entity type

A simple introduction to how LLC taxes work. As an LLC, you get to choose how you're taxed. Find out more about this here.

Are you wondering if becoming an S Corp can save you and your business money? Learn how S Corp works and how to make it happen here.

Find out which start-up expenses you can claim as a tax deduction and whether your small business qualifies for this tax break

Learn the basics of FICA taxes along with the payroll tax rates so that you know who must pay them and how.

Thinking about starting a sole proprietorship? Read on to find out what sole prop is, how to form it, and whether it is suitable for your business idea.

Find out what the new IRS tax brackets are for filing your returns and how to calculate your taxes with them

Don't know where to file Form 1120-S? Struggling to fill it out? This article answers all your queries related to this important tax form for S corporations.

As a small business owner, you need to be aware of Form 1120, how to fill it out, and when it is due. This article on filing your 1120 tax form will provide...

If you’re depreciating assets on your tax return, you need to file Form 4562. Read on for all the details on how to take care of it.

Trying to navigate IRS Form 2553? This guide details the instructions on how to file Form 2553 with step-by-step instructions, requirements, and deadlines

There's a lot of misinformation doing the rounds when it comes to the S corp status and its deemed tax benefits. Read this guide to learn how S corps are taxed.

Read on for some expert guidance on how to claim deductions under Section 179 if you're purchasing equipment for your business.

Struggling to figure out your estimated quarterly taxes? Continue reading to find out how to calculate and file your quarterly taxes on time.

Read our guide on tax deductions for small businesses to find out ways in which you can reduce taxable income and save money.

Are you struggling to file IRS Form 1065? Here's a step-by-step instructional guide for partnerships and LLCs on how to fill it out and when to file it.

Are you a creative business owner? Are IRS forms perplexing? Learn all about how to fill out Form 941 and more in this article!

How should an independent contractor calculate and pay taxes? Understand the process and calculation method to file your tax returns before the due date.

Should you stick to the standard deduction or itemize your expenses? Discover how itemized deductions might be beneficial to you when preparing your tax return.

Find out how tax filing and tax planning are different, along with how to optimize your profits by carrying out tax planning before filing your returns.

After hiring your first employee, you must start making quarterly state unemployment tax (SUTA) payments. Find out what that means for your business.

Struggling to figure out your estimated sales tax? Read this article to learn all about sales tax, its calculation, and how to file efficiently for maximum sale

Schedule C is attached to Form 1040 and is used to inform the IRS about the profit and loss of your small business. Read on to know how to file this form.

Continue reading for an in-depth guide on how small businesses are taxed based on business structure, income brackets, and other factors.

This article details the nitty-gritty of the various tax deadlines that US citizens have to file for the years 2020 and 2021.

Wondering how to deduct travel expenses from your taxes? This handy guide shows you what constitutes a business expense when traveling and how to write it off.

IRS has officially extended the federal income tax filing due date from April 15 to May 17. Read on to know more.

As a design firm, you ought to know which tax forms to submit and how to fill them out. Continue reading for some tax filing tips to help you dodge penalties.

A mileage tracker can save you from burning a hole in your pocket and can help you run your business in an organized way. Find out more about the five best ones

Writing vehicular expenses under Section 179 can be immensely useful, especially for small businesses. Keep reading to clear all your doubts regarding car tax..

Read our article to find out what the W-9 form and Tax Identification Number (TIN) is, who should fill it out, and how to do it properly.

Read on to know more about how to calculate, file, and pay FUTA unemployment tax for each of your employees, using Form 940.

Read our article to find out how and where to mail Form 940 to report all FUTA taxes where required.

Take a look at this refresher guide for US taxpayers on Form 1040, its schedules, and how to file it for the 2021 tax season.

A tax liability is what you owe to the IRS or other taxing authority when you finish preparing your tax return. Check out different types of income tax...

Let’s first learn what payroll taxes are. We will then take a glimpse into the calculation process for the employer and the employee.

The best way to make your tax season easier is to start planning early. We bring to you our top tips to make the next tax season less painful.