Small business tax news

Increase Your Tax Savings. Tax Tips for the Self-Employed. Find Out More About Your Taxes! Get Every Dollar You Deserve. Cannabis companies would get access to small - business aid under new legislation introduced in the.

A group of Democrats has introduced a bill to undo business tax provisions in coronavirus relief.

Oregon business leaders holding their breath for a delayed start to the $billion Corporate. The bill would provide loans for small businesses and allow for payroll-tax deferment. It also includes direct payments to some citizens , a stimulus for the airline industry, and increased.

See all full list on money. Business owners are responsible for collecting and reporting sales taxes to local and state governments. As a small business owner, it’s also important to understand state and local tax rules with respect to sales taxes. Other payroll taxes , like unemployment taxes and workers compensation taxes , increase the amount of tax an employer must pay.

The news section on Small Business UK allows you to keep up to date with the latest news , economic trends and regulatory developments affecting new and established UK small businesses.

Free for Simple Tax Returns. Industry-Specific Deductions. Maximum Refund Guaranteed. Target, Walmart offer deal for recycling car seatsGet a $Walmart gift card or a discount at Target for recycling an old car seat in September.

Small business owners looking to reduce their tax burden can take advantage of several money-saving deductions. It’s smart to consult with a financial planner before deciding on a plan that best suits the business needs. Assistance with Business Taxes The City will work with small business owners to help meet their tax obligations in a flexible manner.

Our small business tax ELPs are there to help advise you and guide you through any questions you might have about federal, state or local taxes. They can help you file your returns and maximize your deductions. Many small business owners use a sole proprietorship which allows them to report all of their business income and expenses on a Schedule C attachment to their personal income tax return. Small Business Trends is the premier source of information, news and advice covering issues of key importance to the small business market.

If you run the business as an LLC and you are the sole owner, the IRS also allows you to use the Schedule C attachment. Small businesses are encouraged to do their part to keep their employees, customers, and themselves healthy. As small businesses and individuals struggle to obtain federal ai the wealthiest are poised to reap tens of billions of dollars in tax savings.

By Jesse Drucker As the federal government. It can be painful to see a big chunk of your company’s profits being eaten up by taxes. Although most small business owners realize that income tax is a necessary evil, they would love to find small business tax deductions and other ways to cut down their tax bill.

These five strategies can help. Smith and Allegheny County Councilman-at-Large Sam DeMarco. If you own commercial property, you’ll have to pay property taxes to the city or county where your business is located.