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Understanding Partnership Tax Laws

Understanding Partnership Tax Laws

Partnerships provide the ability to pass through income to owners, without the organization paying taxes on company income. However, understanding partnership tax laws requires more than just knowing about pass through entities. Not paying taxes does not mean you don’t file taxes.
Small Business Tax Deductions: What Can You Claim?

Small Business Tax Deductions: What Can You Claim?

According to the IRS, expenses are required to be “ordinary and necessary” to qualify for small business tax deductions. That begs the question, what is considered an ordinary or necessary expense? Are deductions the same for a retail store as they are for a home-based professional?
Do You Have to Pay Taxes on an Online Business?

Do You Have to Pay Taxes on an Online Business?

You get income from the Internet, but do you have to pay taxes on an online business? Are you even classified as an online business? There are three types of tax you must know about if you work online. The checklist at the end of the article will help you determine if you have to pay.
A Guide to Sales Tax Exempt Forms

A Guide to Sales Tax Exempt Forms

Almost every business, is eligible to utilize sales tax exempt forms for purchases from vendors or suppliers. If you don’t understand how the sales and use tax in your state works, Jean Scheid will tell you how to find out as well as how to utilize these forms so you don’t have to pay sales tax.