The Advantages of Using an LLC for Your Small Business

You can operate your small business in several ways. Here are the advantages of operating as a limited liability company (LLC).
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Bartering Is a Taxable Transaction Even if No Cash Is Exchanged

Exchange your business's goods or services without cash through barter. But be aware of tax implications that may occur. Learn more.
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Kiddie Tax – What a Parent Needs to Know

The Kiddie Tax affects children's unearned income, taxing portions at their parents' rate. Learn strategies to minimize tax impact. Read more.
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Costs

Taking Your Spouse on a Business Trip? Can You Write off the Costs?

The rules for deducting a spouse’s travel costs are very restrictive for small business owners. Here’s a rundown of what businesses can and can’t write off for tax purposes.
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What Income Is Taxable?

This article explores some of the commonly encountered situations that could have unexpected results when answering the question; "What income is Taxable?".
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Better Tax Break When Applying the Research Credit Against Payroll Taxes

Learn about how you may be eligible for a payroll tax credit election with little to no income tax liability.
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Ways to Deduct Health Insurance

Health insurance premiums have risen dramatically and are one of the largest expenses that most individuals pay. Learn what is treated as deductible health insurance.
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What’s the Best Accounting Method Route for Business Tax Purposes?

Many businesses have a choice of using cash or accrual accounting for tax purposes. If you’re one of them, which route should you take? Here are the rules.
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