Listings by Karena Burgess

Many business owners miss out on tax deductions simply because they aren’t aware of what qualifies. This comprehensive list breaks down 75 different expenses that could be deductible, covering categories like business operations, travel, home office costs, and professional development.

The IRS imposes penalties for various reasons, from late filings to underpayments. However, some penalties can be reduced or even eliminated if certain conditions are met. This resource outlines the most common penalties, the criteria for penalty abatement, and the steps you can take to request relief.

Many business owners overlook the financial benefits of hiring their children. This strategy allows you to legally shift income, potentially reducing your taxable earnings while teaching your child valuable skills.