Here is an overview of the many federal, state, and local taxes that small businesses can face, along with the major tax deductions and credits that they may be entitled to.

If you opt for the standard mileage rate (67 cents per mile for tax year 2024), you calculate your deduction based on the ...

If anything, remember you’ll make tax payments more frequently than you file tax returns. Many, or all, of the products featured on this page are from our advertising partners who compensate us when ...

Running a small business comes with plenty of expenses. But there are also valuable tax breaks that can ease the financial burden of running a business. From federal credits and everyday deductions to ...

A new report shows founders are shifting budgets as their small businesses begin to grow, but some may be overlooking key tax deductions that could save them money.

Forbes contributors publish independent expert analyses and insights. I write about tax policy and how it affects business. Sep 23, 2025, 10:38am EDT The One Big Beautiful Bill Act (OBBB) has a number ...

Sales and use tax once sat at the back of the small business tax conversation. It now has taken a seat in the front row. Processing Content Six years ago, in Accounting Today, I urged tax firms to ...