Small business owners have received an average of $5,000 in tax refunds, despite ATO warnings that early lodgers could face costly penalties.

Tip 5: Know what you can deduct. The biggest benefit of business income is that you can deduct costs that are ordinary and necessary to generate that income. For example, while a W2 employee might ...

Lana Pol, president of Geetings, Inc., a trucking and warehousing company in Iowa, detailed what the 2017 Tax Cuts and Jobs Act (TCJA) have meant for her business.

The proposal would only apply to a small number of households. The tax hike would fall on taxpayers who earn more than $500,000 if they file a single return and $1 million if they file a joint tax ...

Small business tax relief options owners should know now "Falling behind on payroll taxes is a far knottier problem than personal tax debt," warns Nik Agharkar, owner and managing member of Crowne ...

Not all states impose all of the most common business taxes. Taxes in a few northeast U.S. states are higher than others. Eight states have no individual income tax as of tax year 2025. Alaska ...

Why Trump’s tax bill will make — or break — America’s small businesses By John Tillman Published April 14, 2025, 6:39 p.m. ET ...

The Committee has suggested amending the clause that mandates income tax return filing solely for the purpose of claiming ...

The tax benefits — and complexities — for business owners hiring kids By Tobias Salinger June 16, 2025, 3:42 p.m. EDT 4 Min Read ...

Below, we'll explore the debt relief options small business owners should know (and understand) right now. Get help with your small business tax debt online today.