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Can You Claim A Gas Deduction From The IRS?

TaxesSmall Business

The IRS allows business owners to deduct vehicle expenses, including gas, but only under specific rules. The key is knowing which driving qualifies, which method to use, and how to keep the right reco…

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Form 8594: Reporting Asset Acquisition

TaxesSmall Business

Whether you're the purchaser or seller, it's essential to accurately prepare IRS Form 8594 while avoiding pitfalls that can attract IRS scrutiny. Both the buyer and the seller of the business must sub…

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How to Calculate Payroll Taxes: Small Business Guide

PayrollSmall BusinessTaxes

This step-by-step guide walks through how to calculate payroll taxes. We break down which taxes apply, how to calculate employee withholdings and employer payroll costs, and how state taxes factor int…