Small Business Taxes & Management

Frequently Asked Questions

Small Business Taxes & ManagementTM--Copyright 2009-2020 A/N Group, Inc.


We've compiled a list of frequently asked questions and our responses. We'll be adding to and updating the information on this list periodically.


Home Office Deduction--Part II
Home Office Deduction--Part I
What's Deductible?--Updates and additions, list of business deductions
Standard Mileage or Actual Expenses?
Going Out on Your Own?--What you have to consider before taking the plunge
Material Participation--S corporation, LLC, etc. requirement for deducting losses
Picking a CPA or Return Preparer--Here are some tips on picking one that's right for you.
Need a Copy of a Tax Return?
How Much Tax Will I Pay on My Business Income?
Home-Based Tax Scams
What's a Deduction Worth?--The tax savings depend on your bracket and how you do business.--Updated for new tax rates--02/13/13
Self-Employment Tax--If you do business as a sole proprietorship, partnership or LLC this tax applies to you. (Updated--02/19/13)
Choosing the Best Business Entity--A Practical Approach
Putting Your Younger Children on the Payroll--There can be substantial tax savings
S Corporation Officers' Salaries--Do you have to take a salary?
Expenses of Dormant Business Deductible?--It's a question we've been asked a number of times.
Doing Business in a New State--Tax and business consequences of operations in another state.
Tenancy in Common or Joint Tenancy?--What's the difference? (Updated, 06/29/07)
Unclaimed Property Reports--You can't just keep those uncashed checks, etc.
Hobby Losses--The rules and how to avoid trouble with the IRS
Business Licenses--Do You Need One?
Deductions on Schedule C--Some statistics on Schedule Cs
Taxpayer Identification Numbers--Do you need a number for your business?


Copyright 2003-2020 by A/N Group, Inc. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is distributed with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional should be sought. The information is not necessarily a complete summary of all materials on the subject. Tax laws are constantly changing.--ISSN 1089-1536

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--Last Update 11/30/20