Business taxpayers are often entitled to extra self-employed and small business tax deductions, which can potentially lead to ...

Taxpayers and businesses are encouraged to review IRS instructions and updates closely as new rules take effect.

The home office tax deduction is a tax break that some self-employed people who work from home can take advantage of. Here's ...

There’s a lot to love about being a small business owner, but we’d be lying if we said it didn’t come with its fair share of challenges, especially around tax season. From figuring out how to manage ...

The Internal Revenue Service (IRS) has announced major revisions to the U.S. tax code following the passage of the One, Big, ...

For 2025, these autos have a Section 179 tax deduction limit of $12,200 in the first year they are used. In fact, if the ...

Peggy’s Bookkeeping & Tax Service has published a new article entitled Top 5 Tax Deductions Every Small Business Should Know. The report sheds light on a practical guide outlining strategies small ...

If you have a side hustle — or are full-time in business for yourself — you might qualify for self-employment tax deductions. These deductions can lower your taxable income, and save a bundle in taxes ...