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.

Small business owners can reduce taxable income by deducting various business expenses, including vehicle costs, travel, home ...

If anything, remember you’ll make tax payments more frequently than you file tax returns. Your business structure. What kinds of taxes you owe. When they’re due. Regardless of your small-business tax ...

A small business is a firm of limited size, as measured by revenue or number of employees, or both. It can be structured in ...

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 ...

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 ...

Advertising becomes a much bigger budgetary item as businesses begin to grow larger, for instance, and thus becomes a bigger tax deduction. Companies that earn over $100,000 spend more than 11 times ...

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 ...