Social Media Ideas for Business Deductions

MDR charges tax-deductible as business expense, say tax experts

Experts argue that since MDR fees are akin to other operational costs, such as rent and salaries, they should qualify for deductions, ultimately reducing the effective cost for com...

Bonus Depreciation: What It Is and How to Claim It

Updated for tax year 2026. Being a small business owner can come with valuable tax breaks, but sometimes, navigating the […] The post Bonus Depreciation: What It Is and How to Clai...

IRS allowed dodgy claims for car loan interest deduction

The Internal Revenue Service accepted over 470,000 electronically filed tax returns claiming $977 million in dubious deductions for automobile loan interest.

Truck purchase deductible on taxes?

Good evening all, new member here and have a question! I was thinking about taking a loan out of one of my 401k accounts to buy a truck, can you write that off on your taxes? It is...

Leave No Dollar Behind: 10 Overlooked Tax Deductions the IRS Hopes You Forget

Tax reform in 2018 changed the nature of filing your tax return by increasing the standard deduction and making most taxpayers ineligible for … Source

Interest Deductibility Limitations and Corporate Innovation

Xinru Chen (Fordham), Mara Faccio (Purdue and NBER), Stefano Manfredonia (Fordham), and Jin Xu (Virginia Tech) have a new NBER working paper, “When Tax Shields Shrink: Interest Ded...

How to Calculate Your Real Business Profit, Entrepreneur Explains

The businesswoman warned that transaction charges can easily be overlooked when calculating profits, which often eat into business operations.

Own a Small Business? Your Old Records Could Be Worth More Than You Think

This post includes affiliate links. If you purchase anything through these affiliated links, the author/website may earn a commission. What if years of business records...

Itemized Deductions vs. Above-the-Line Deductions

Updated for tax year 2026. You probably know that claiming income tax deductions reduces your taxable income. But did you know that […] The post Itemized Deductions vs. Above-the-L...

Business to sell? Trump tax law offers owners better way to cash out

Business to sell? Trump tax law offers owners better way to cash out

Business to sell? Trump tax law offers owners better way to cash out

Business to sell? Trump tax law offers owners better way to cash out

Qualified Small Business Stock Is Now Even More Valuable- What NC Business Owners Need to Know About Changes in the One...

179D After the Cutoff: What Mechanical and Sheet Metal Contractors Can Still Claim

Projects already underway still qualify, and a contractor who designed the mechanical system for a public building may be owed a deduction nobody told them about.

The $2,500 Question: What Employers Need to Know About Contributing to Trump Accounts

Does the Business Qualify? The Five Tests Every QSBS Issuer Must Satisfy (Part II of IV)

Do You Struggle With Managing Your Business Taxes Every Year?

Millions of business owners struggle with complex business taxes. Discover practical steps to handle your annual tax obligations with ease.

Year-end tax strategies every roofing business owner should be thinking about

year-end-tax-strategies-every-roofing-business-owner-should-be-thinking-about

Substantiation, Partner Basis, and Methodologies: An Analysis of West v. Commissioner

West v. Commissioner, T.C. Memo. 2026-105, Oct. 7, 2026 The petitioner, Andrew B. West, was an entrepreneur involved in various commercial activities during the 2015 and 2016...

Expensing Concentrates the Corporate Tax Burden on Economic Profits

As scrutiny over data center investment and AI rises, some commentators are concerned about how expensing interacts with these ongoing investments. Most of these concerns misunders...

Complex Commercial Litigation: How Businesses Defend Lawsuits Involving Multiple Claims

Complex commercial litigation can arrive as a single complaint carrying five or six different legal theories. A Florida business sued by a customer, vendor, or former partner may f...

UCLA Law Call for Papers for the Business and Tax Roundtable for Upcoming Professors

When Is It Worth Suing Another Business?

Suing another business is a capital allocation decision before it is a legal one. The claim can be real, the other side plainly in the wrong, and filing still the wrong move. What...

What Due Diligence Should You Conduct Before Buying a Business?

The Business Was Not What They Promised: A Buyer’s Fraud Remedies and a Seller’s Defenses in an Illinois Sale

The Business Was Not What They Promised: A Buyer’s Fraud Remedies and a Seller’s Defenses in an Illinois Sale You closed on the acquisition in the spring, and by summer the busines...