Category Small Business

Business subscriptions—from accounting software to project management tools—are generally fully deductible. Here's what qualifies and how to track them for Schedule C.

Made a mistake on a filed return? You can fix it with Form 1040-X. Here's how to amend a return, what triggers a refund vs. more taxes owed, and how long it takes.

Not all legal fees are deductible—but many business-related ones are. Here's when attorney fees qualify as a write-off and where to report them on your return.

An IRS audit doesn't have to be a disaster if you're prepared. Here's what triggers audits for small businesses, what to keep on file, and how to respond.

Your home internet bill may be partially deductible if you use it for work. Here's how to calculate the business-use percentage and document it for the IRS.

How you pay yourself from an LLC determines how much self-employment tax you owe. Here's the difference between an owner's draw and a salary—and the tax impact of each.

Most business insurance premiums are fully deductible—but the type of policy and the structure of your business both matter. Here's what qualifies and how to claim it.

If you got paid through PayPal, Venmo, or Stripe, you may receive a 1099-K. Here's what the form means, what threshold triggers it, and how to report it.

When you buy a long-term business asset, you don't always deduct it all at once. Here's how depreciation, MACRS, and bonus depreciation work together.