Small Businesses

Is It Just a Hobby or a Business?
 

Is It Just a Hobby or a Business?

Posted: March 10, 2017
While some of us put more time and effort into hobbies than others, determining the line between what is a hobby and what is a business can help keep you informed at tax time. Here are some points to consider.

Six Tax Tips for the Self-Employed
 

Six Tax Tips for the Self-Employed

Posted: February 14, 2017
Self-employed taxpayers normally earn income by carrying on a trade or business. Here are six important tips from the IRS for the self-employed.

5 Pitfalls New Business Owners Should Avoid
 

5 Pitfalls New Business Owners Should Avoid

Posted: September 28, 2016
Launching and sustaining a successful new venture can be daunting, but there are ways to avoid common challenges that many startups face. We highlight smart ways to avoid common mistakes made by new business owners.


5 Tips for Starting a Business
 

5 Tips for Starting a Business

Posted: August 15, 2016
Understanding your tax obligation is one key to business success. When you start a business, you need to know about income taxes, payroll taxes and much more. Here are five IRS tax tips that can help you get your business off to a good start.

Bartering Produces Taxable Income and Reporting Requirements
 

Bartering Produces Taxable Income and Reporting Requirements

Posted: March 23, 2016
Some businesses barter to get products or services they need. For example, a gardener might trade landscape work with a plumber for plumbing work. If you barter, you should know that the value of products or services from bartering is normally taxable income.

SBA Offers Superstorm Sandy Relief Loan Program
 

SBA Offers Superstorm Sandy Relief Loan Program

Posted: February 5, 2016
With the "Super storm Sandy Relief and Disaster Loan Program Improvement Act,” the Small Business Administration (SBA) Office of Disaster Assistance is offering another opportunity for recovery for homeowners, renters and businesses affected by Superstorm Sandy.