If you own a business that isn’t incorporated, your business income likely triggers self-employment (SE) tax to cover Social Security and Medicare … Read more about 5 Self-Employment Tax Mistakes You Want to Avoid
Tax Law’s Gross Receipts Tests: What They Are and What They Mean
The tax law has a number of favorable tax rules for small businesses, but the definition of what’s “small” varies considerably. In a number of … Read more about Tax Law’s Gross Receipts Tests: What They Are and What They Mean
Preview of Tax Changes this Year: Actions to Take Now
Alert: At the time of publication, the Senate was in the process of voting on its version of tax changes. On May 22, 2025, the House passed One Big … Read more about Preview of Tax Changes this Year: Actions to Take Now
What a New Congress and a New Administration Mean for Small Business
The President and Congress are off and running with their agenda for change. How will small businesses fare in this flurry of activity? Likely some … Read more about What a New Congress and a New Administration Mean for Small Business
Supplement to J. K. Lasser’s 1001 Deductions and Tax Breaks 2025
THIS SUPPLEMENT REFLECTS CHANGES THROUGH FEBRUARY 1, 2025 This year’s book, J.K. Lasser’s 1001 Deductions and Tax Breaks, covers the tax rules as … Read more about Supplement to J. K. Lasser’s 1001 Deductions and Tax Breaks 2025
Supplement to J.K. Lasser’s Small Business Taxes 2025
THIS SUPPLEMENT REFLECTS CHANGES THROUGH FEBRUARY 1, 2025 This year’s book, J.K. Lasser’s Small Business Taxes 2025, covers the tax rules as they … Read more about Supplement to J.K. Lasser’s Small Business Taxes 2025
Past Presidential Tax Policies: A Look Back
We’re in the midst of wrangling about tax laws from a new Administration and a new Congress. What the tax rules will ultimately turn out to be is … Read more about Past Presidential Tax Policies: A Look Back
What Is the Pass-Through-Entity-Tax and Who Does it Benefit?
The pass-through entity tax (PTET) is a way for owners of pass-through entities—partnerships, limited liability companies, S corporations—to gain … Read more about What Is the Pass-Through-Entity-Tax and Who Does it Benefit?
Ways to Simplify Tax Recordkeeping
To claim deductions and credits for the business expenses you incur, you must have certain records, including the amount of your outlays. Without good … Read more about Ways to Simplify Tax Recordkeeping
PEST Analysis and What It Means to Your Business
What is PEST analysis? It’s not an examination of whether there are ants or rodents on your premises. PEST stands for Political, Economic, … Read more about PEST Analysis and What It Means to Your Business
Supplement to J. K. Lasser’s 1,001 Deductions and Tax Breaks 2023
This year’s book, J.K. Lasser’s 1,001 Deductions and Tax Breaks, reflects the tax rules as they stood on December 1, 2022. But tax law is not static … Read more about Supplement to J. K. Lasser’s 1,001 Deductions and Tax Breaks 2023
Supplement to J.K. Lasser’s Small Business Taxes 2023
This year’s book reflects the tax rules as they stood on December 1, 2022. But tax law is not static and new legislation, IRS pronouncements, and … Read more about Supplement to J.K. Lasser’s Small Business Taxes 2023
What the Fair Tax Would Mean to Your Business
In early January 2023, the Fair Tax Act of 2023 was introduced in the House. While the measure is a 'looong' way from enactment and may never come to … Read more about What the Fair Tax Would Mean to Your Business
J.K. Lasser’s Small Business Taxes 2023: A Book Review
For more than 25 years, I’m proud to say my tax book for small businesses has been the go-to guide for owners and their tax advisers. The 2023 edition … Read more about J.K. Lasser’s Small Business Taxes 2023: A Book Review
Additional Taxes on Small Business Owners
There’s been much discussion about “taxing the rich” and making them “pay their fair share.” What may get lost in the discussion are the special taxes … Read more about Additional Taxes on Small Business Owners
