Small business owners can reduce taxable income by deducting various business expenses, including vehicle costs, travel, home ...

Accountant, America's leading virtual accounting firm for small businesses, recently released The Small Business Deduction Index, a data-driven report drawing on aggregated, anonymized tax data from ...

Here is an overview of the many federal, state, and local taxes that small businesses can face, along with the major tax deductions and credits that they may be entitled to.

Tax credits are more favorable than tax deductions because they directly lower the tax due, not just the amount of taxable ...

A new report shows founders are shifting budgets as their small businesses begin to grow, but some may be overlooking key tax deductions that could save them money.

An older man is seated at a desk in his office. He has papers spread out in front of him. He is reviewing a list of expenses he can claim as deductions for his business taxes. Entrepreneurs have no ...

In what’s sure to be welcome news for small and midsize companies, the Section 179 tax deduction has been increased by $30,000 for 2025. The total deduction is now $1.25 million. In addition, the ...

I couldn’t be more grateful that President Trump and Republicans in Congress have empowered my small business for the next 10 ...

A tax break that served as a lifeline and springboard for small businesses throughout the last eight years is set to expire at the end of 2025, potentially placing a larger burden on locally owned ...

Small businesses are one of the bedrocks of the U.S. economy, employing nearly half of the American workforce and representing over 40% of America’s GDP. Challenges like inflation and high supply ...

Now that House Republicans have agreed on a budget resolution to finance their legislative priorities, debate begins on the specific tax cuts to include in the final "big, beautiful bill." At the top ...