Taxation Basics

You're in business to make money. That's hard to do when you're not paid by your customers for goods you've sold them. It may not be a total loss, though. You may be able to take a deductio ... Read more

In most cases, there's nothing "small" about the expenses you have when you start a small business. Dozens of expenses pop up long before you actually open the doors for business. You need a ... Read more

If you own a farm and hire workers, you're probably an "employer" and need to understand your employment tax responsibilities. ... Read more

Many employers and employees have work-related expenses. The economics of the matter are simple: The more you have to spend on expenses means less profit for the employer and less take-home ... Read more

Under an accrual method of accounting, generally you report income in the year it is earned. The right to receive, not actual receipt, triggers the inclusion of an item in income under accru ... Read more