ARTICLES

Determine if your business expenses are tax deductible, and clarify the “ordinary and necessary” standard and common substantiation pitfalls. Get practical examples and advice to prepare documentation for your tax return.

Get straightforward tips on recognizing valid business deductions for 2025. Learn vital IRS rules, prevent deduction mistakes, and keep your records organized for filing.

The new year brings updated tax limits and thresholds that can impact business deductions, retirement planning, and employee benefits. This overview highlights key 2026 business tax figures to help business owners plan ahead with confidence.

Protect your business from ownership disruptions. Learn how a properly funded buy-sell agreement ensures stability, liquidity, and tax efficiency.

Choosing the right business structure is one of the biggest decisions new entrepreneurs make. This guide breaks down how each entity type is taxed, from sole proprietorships to corporations, so you can make an informed choice. Discover which setup best fits your goals, tax strategy, and growth plans.

Hiring your child to work in your small business can offer valuable tax benefits while teaching them responsibility and providing income. Learn how.

Large business or rental losses in 2025 may be limited by IRS rules, including the Excess Business Loss cap of $313,000 (or $626,000 for joint filers). Understanding these limits is key to effective tax planning.

Small business owners: Cut your 2025 tax bill with deductions for heavy vehicles and home offices. Learn how to qualify and maximize your savings.

TCJA limits business interest deductions to 30% of ATI. Manage the deduction limit with 3 options. Read more.

Self-employment tax is 15.3%, paid quarterly. Learn what to expect & consult a VAAS Tax Professional to manage taxes.