Tax-time tips for small business owners

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The Tax Cuts and Jobs Act made many changes to the tax laws that took effect in 2018. Here's what you need to know about the new 199A deduction. This big change gives a 20-percent tax break to businesses with qualified business income.

Here's a roundup of tax changes that might affect your business. "Tax season can be a stressful time for many small business owners, especially when a significant tax reform comes about," writes Brenda Barron. "But, with a little preparation and the tips laid out in this article, you'll be able to prepare your tax return for filing well before the last-minute deadline."

Do you qualify?
199A tax deduction

by Chris Peden

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2018 tax changes

by Brenda Barron

Get insights into the most important 2018 tax changes — including tweaks to business tax and business mileage rates.

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Need more time?

by Jennifer Dunn

Learn the ins and outs of filing for a tax extension — but remember the six-month extension is for paperwork only.

Read More

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