What small businesses actually pay for CPA tax preparation — national averages by entity type (Schedule C through S-corp and partnerships), the 5 factors that drive fees up, and concrete steps to reduce your bill without sacrificing accuracy.
11 million Americans owe $125 billion in back taxes. Learn the exact penalty structure (5%/month for not filing vs. 0.5%/month for not paying), IRS enforcement tools, and every resolution option from installment agreements to Offer in Compromise — with 2024 acceptance rates and eligibility thresholds.
For most small business owners, incorporating in your home state is the most cost-effective choice — but Delaware is near-mandatory for venture-backed startups, Wyoming offers the lowest fees ($100 filing, $60/year) and strongest privacy protections, and Nevada provides zero state taxes with robust charging order protections.
The 2017 Tax Cuts and Jobs Act eliminated entertainment deductions while preserving 50% meal deductions—but the rules are strict. Learn what qualifies, the five IRS documentation requirements, the 2026 phaseout of on-premises meal deductions, and the common mistakes that cost businesses their deductions.
California's 9-bracket income tax tops out at 13.3%, LLCs owe an $800 minimum franchise tax plus gross-receipts fees, and the state diverges from federal law on bonus depreciation and NOLs—this guide covers rates, filing thresholds, entity-specific rules, deadlines, and planning strategies for the 2025/2026 tax year.
Working parents can claim up to $2,100 in federal tax savings through the Child and Dependent Care Tax Credit—but only if you know the income thresholds, eligible expenses, and how Dependent Care FSAs affect your credit calculation.
The IRS two-part test disqualifies suits and business attire but allows uniforms, protective gear, scrubs, and branded items. Here's exactly what qualifies as a clothing deduction and how self-employed workers claim it on Schedule C.
C corporations face a 5% monthly failure-to-file penalty and a $525 minimum for returns over 60 days late — this guide maps every 2025 federal tax deadline, explains penalty mechanics for C corps, S corps, and partnerships, and outlines a year-round compliance system.
A practical breakdown of CPAs, enrolled agents, and non-credentialed tax preparers—covering credentials, IRS representation rights, 2026 pricing, and when each option makes financial sense for your business.
A practical guide to business asset depreciation covering MACRS, Section 179 (2026 limit $2,560,000), bonus depreciation restored to 100%, five depreciation methods, recapture rules, and the most common mistakes that cause small business owners to overpay taxes.
Take control of your finances with our open-source double-entry accounting system. Start your ledger today.
© 2019 - 2026 Beancount.io
