Tax guide for small business 2015

Increase Your Tax Savings. Tax Tips for the Self-Employed. Find Out More About Your Taxes! Industry-Specific Deductions. Get Every Dollar You Deserve. Car and Truck Expenses. Legal and Professional Fees. Travel, Meals, and Entertainment. Business Use of Your Home. Other Expenses You Can Deduct.

The book also has tax-specific information for farmers who are small business owners. Our three-step tax guide for small business outlines what you should do. Website Avoid long waits on-hold or in-line. This publication does not cover the topics listed in the following table. See all full list on irs.

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I have run a small business in the past but this year I had no income or expenses from the business. Choosing your type of business entity One of the first decisions that you need make is to choose the type of business entity that you wish to operate as. The startup tax or new business tax is a topic many new business owners shy away from.

Our tax pros provide business tax tips so you don’t get caught off-guard. Small business taxes can be overwhelming as an entrepreneur. Learn more about small business taxes 1with the experts at HR Block. Not sure what write-offs you can claim as a small business ? Because small businesses file their business tax returns with their personal returns, the due date is the same as the personal income tax return due date: April 15.

If the due date falls on a holiday or weeken the next business day is the due date for that year. While it is possible to do your taxes on your own, consider working. It includes sole proprietors and single-member LLC , owners.

These deadlines were extended by the IRS in December. The guide also applies to statutory employees such as independent contractors. The IRS publication provides small business owners with information on federal tax law as it applies to their businesses. While the company handles small business tax preparation, that is not the company’s main focus. The company dedicated to working to promote the growth and success of small businesses from a financial position.

The types and amounts of taxes you’ll pay are different depending on your location. This is where a tax pro can really come in handy. Our small business tax Endorsed Local Providers (ELPs) focus on the local. They live in your community and can guide you through complex state, county or city tax laws. May not be combined with other offers.

On behalf of the staff of the U. These expenses include advertising, utilities and other business costs. Preface This guide is a general guide dealing with the taxation of small businesses. There is no additional fee for annual business license renewal.