Peggy’s Bookkeeping & Tax Service has published a new article entitled Top 5 Tax Deductions Every Small Business Should Know. The report sheds light on a practical guide outlining strategies ...

The "One Big Beautiful Bill Act" extends some of the previous tax items in the Tax Cuts and Jobs Act while also introducing some changes. For businesses and owners, there are several tax planning ...

To help offset the self-employment taxes, there are quite a few self-employment tax deductions you can take to lower your business income.

The One Big Beautiful Bill creates and/or modifies a number of tax rules that impact taxation of business income, including the permanent extension of the 20% pass-through deduction under Section ...

Republicans are trying to create tax deductions for tips, car loan interest and overtime pay. Experts say they wouldn’t benefit low earners much.

It is best to be honest while claiming deductions and avail tax breaks only if one can back them up with documentary proof, should there later be a notice by the income tax department.

For the next five years, there will be a much more generous state and local tax deduction available to federal income tax filers, thanks to the recently enacted mega tax-and-spending-cuts law.

The final version of President Trump ’s hallmark tax-and-spend legislation delivers significant tax advantages to some industries while rescinding them for others.

With tax season just around the corner, knowing how to navigate work from home tax deductions can help you save time — and money — on your returns.