Categories: Small Business Taxes

Why Corporate Tax Cuts Won't Help Small Business

Posted by: John Tozzi on February 22

President Obama today proposed eliminating corporate tax loopholes and using the money to cut the business tax rate to 28 percent from 35 percent. The tax code "is unnecessarily complicated...

Payroll Tax Impasse Means Headache for Small Employers

Posted by: John Tozzi on December 21

Congress's failure to extend the 2 percent payroll tax cut expiring at the end of this year means employers will likely have to start withholding more money Jan. 1. Payroll...

Will Congress Simplify the Home Office Deduction?

Posted by: John Tozzi on October 23

One of the most baffling tax tasks many entrepreneurs face is claiming the home-office deduction. It involves calculating how much of the residence is used for exclusively for business, how...

The Self-Employment Tax: Into the Swamp

Posted by: John Tozzi on August 13

When reporters try to make stories short and clear, we sometimes sacrifice valuable detail and nuance. That's easy to do when we write about taxes, because we also try not...

"Under-the-Table Pay Is Unacceptable"

Posted by: Nick Leiber on July 17

That's the provocative headline on the latest feature within our ongoing Debate Room series. In it, two thinkers spar over what employers should do when it comes to compensating low-wage...

Five Tax-Time Audit Red Flags For Small Business

Posted by: Colleen Debaise on March 27

Ahead of the IRS issuing its annual “Dirty Dozen” list of the most egregious tax schemes and scams (here’s the 2008 list), accounting firm BDO Seidman has kindly prepared a...

New Tax Break For Your New Car

Posted by: Colleen Debaise on March 05

Ah, life on the road. The good news for business owners who spend a lot of time behind the wheel is that you’re entitled to a number of vehicle-related tax...

Mobility and Taxes

Posted by: John Tozzi on February 12

I found this nugget in the Small Business Economy Report (on page 201 of the PDF). It's kind of jargony, but it's basically saying that as some companies become more...

The Small Business Stimulus Conundrum

Posted by: John Tozzi on January 30

This morning I had a chat with Chas Roy-Chowdhury, head of taxation for the Association of Chartered Certified Accountants, about the tax provisions for small business owners in the stimulus...

What Obama’s Proposed Tax Cuts Mean for Small Businesses

Posted by: Colleen Debaise on January 05

Here’s a welcome report for entrepreneurs this new year: President-elect Barack Obama’s massive stimulus plan is expected to include three key tax breaks for small-business owners. Details are still emerging,...