Category Small Business

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.

If you sell products online, you may owe sales tax in multiple states. Here's how economic nexus works, which states require it, and how to stay compliant.

A deduction reduces your taxable income. A credit reduces your actual tax bill. Understanding the difference helps you prioritize the right strategies every year.

The accounting method you choose affects when income and expenses are reported. Here's the difference between cash and accrual—and which one is right for you.

Providing employee benefits isn't just good for retention—it's often fully deductible. Here's which benefits qualify and how to claim them on your business return.

How your LLC is taxed depends on how it's structured. Here's which tax return your LLC needs to file—and what happens if you don't file the right one.