IRS enforcement priorities shift toward questionable write-offs, putting small business owners and self-employed taxpayers on ...

The Tax Cuts and Jobs Act ushered in the qualified business income (QBI) deduction, allowing eligible LLC owners to deduct up to 20% of their qualified business income.

Discover how income tax works, the different types, and how they're calculated for individuals and businesses. Learn about federal, state, and local taxes.

SMBs represent a vital segment of the U.S. economy, and every dollar saved in taxes can be the decisive factor for survival, ...

The HIRE ACT proposes to levy a 25% tax on outsourcing payments, defined as any money paid by a U.S. company or taxpayer to a ...