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No matter what your scenario, there comes a time when you should consider hiring a professional tax preparer.

The last thing you want to worry about is a costly mistake from a payroll related misstep. Here are some of the most common payroll mistakes.

Here are the upsides and downsides to various business structures: Sole Proprietorships, LLCs, C-corps, S-corps and Partnerships.

For many entrepreneurs, travel and entertainment (T&E) tax deductions can be a minefield. Learn the criteria to deduct your expenses.

The Tax Cuts and Jobs Act (TCJA) created a new 20% deduction for pass-through entities. Learn about the new rules.

If you operate a sole proprietorship or single-member LLC, make sure you know how to complete the Schedule C Form.

Of all the business entities someone could form, the S corporation is likely the most widely misunderstood. Should you structure your business as an S Corp, C Corp or LLC?

If you run your business as a sole proprietor, you may need to pay estimated taxes to the IRS throughout the year. People whose income is subject to withholding (i.e., most employees) generally don’t have to pay estimated tax. These payments cover tax liabilities not covered by withholding.

Internet sales tax, or sales tax on goods sold online, is a complex issue. Forty-five states and DC require consumers to pay sales taxes on purchases. But the rules for online purchases are different from those made in brick-and-mortar stores.

A little over 70 perecent of all American businesses are, according to the most recent data from the U.S. Small Business Administration. But sole proprietorships have some drawbacks.

Having the necessary documents organized before you meet with your tax preparer can speed up the filing process.

As a small business owner, you most likely use your car primarily for business, although that doesn’t mean you can write everything car-related off on your taxes.