Tax• 3 min read
What Is Depreciation? A Small Business Guide
Depreciation spreads the cost of long-lived assets over time. Here is what it means for your books and taxes, and the records to keep.
Resources
Tax
Business tax topics, explained with links to official IRS and state sources.
Tax• 3 min read
Sales Tax Nexus Basics: When Might You Need to Register?
Sales tax is set state by state. Here is what "nexus" means, why it matters for growing businesses and what records help you assess it.
Tax• 3 min read
Self-Employment Tax Explained
If you work for yourself, you generally pay Social Security and Medicare tax through self-employment tax. Here is how it works.
Tax• 3 min read
Travel and Meal Expenses: What Records to Keep
Travel, meals and transportation have specific recordkeeping rules. Here is what the IRS covers and what records to keep.
Tax• 3 min read
Owner Draw vs Salary: How Business Owners Pay Themselves
Whether you take a draw or a salary depends on your business structure. Here is how each works and how to record it correctly.
Tax• 3 min read
Home Office Deduction Basics
Working from home may qualify for a deduction, but only if IRS requirements are met. Here are the basics and the records to keep.
Tax• 3 min read
How to Get an EIN for Your Business
An EIN identifies your business to the IRS. You can get one free, directly from the IRS. Here is when you need one and how to apply.
Tax• 3 min read
Choosing a Business Structure: Tax Considerations for Owners
Your business structure shapes which returns you file and how profits are taxed. Here is a plain-English overview.
Tax• 3 min read
Estimated Tax Payments: How They Work for Self-Employed Owners
If no one withholds tax from your income, you may need to pay it during the year. Here is how estimated taxes work.