Small Business Taxes - Free Enterprise
Free Enterprise - The FindLaw Small Business Law Blog

Recently in Taxes Category

Tax Benefits for Businesses With Disabled Workers

Accommodating disability is not just the right thing to do -- it could earn you credit with the IRS. The tax authority has a few options for accommodations that may give you a break on business taxes.

Whether you incur expenses providing access or removing obstacles to accessibility, your business can qualify. But we are talking tax codes, so it's not super clear. Here are some basics.

Now that you've submitted your tax filing to the IRS, what do you do with your copy of the paperwork? What about the filing for last year and the year before? How long should you keep your business's tax records?

While the IRS has its own recommendation, there are a few other considerations you might want to take into account before sending your old return paperwork through the shredder.

All business owners are trying to avoid legal problems before they start. So what are the best strategies for staying in business and out of costly litigation?

As it turns out, maintaining extensive and accurate records of your business is one of the easiest and most effective ways to keep your company out of legal hot water. Here are a few reasons keeping good business records is a great idea.

Tax day is fast approaching, and some of you are still looking for some tax filing tips for your business. Don't worry -- FindLaw has you covered.

Here are five things you should know before filing your taxes on April 15:

You hate filing taxes. It's okay. Most people hate filing taxes. This is why we hire accountants to do our taxes for us. They're the experts. They have the training. We trust them to do a good job.

But, what happens when you get audited and assessed a penalty by the IRS? Can you sue your accountant?

The tax man always gets his cut.

If your business sells clothes or shoes, you probably already know you have to collect sales tax. But, what if your business only provides a service? Do you need to collect sales tax on services?

The law on collecting sales tax on services varies from state to state, but here are some things to know:

The IRS tax audit notice. Is there anything more feared and dreaded for both individuals and small business owners alike?

You filed your return, paid any taxes you owed, and breathed a sigh of relief. But, wait! You've just received an audit notice in the mail. (Note: The IRS will never call you. If you got a call, it's probably a scam.)

What should you do next? Here are a few options to consider:

According to the IRS, businesses owed over $100 billion in unpaid taxes in 2011 alone. With Tax Day just around the corner, one question many business owners may be asking is, "Am I liable for my business' back taxes?"

The way your business is set up helps to determine whether or not a business owner is personally liable for a company's taxes. Sole proprietorships, partnerships, limited liability companies (LLCs), and corporations are all taxed differently.

Here's a general overview of what you need to know:

As business owners know, we are smack dab in the middle of tax season. Yay! But with the tax code spanning over 70,000 pages, most entrepreneurs don't have the time to comb through it to figure out which tax credits are available.

Have no fear, FindLaw is here. Before you scramble to submit your tax return the day before its due, consider these three business tax credits that could really pay off for you:

Whether you're freelancing, telecommuting, or your own CEO, you may be eligible for some substantial tax deductions if you work from home.

From incorporating your small business and deducting your home office to expensing coffee and donuts (and the weight loss program to work them off), here are five tips to get you started: