Compare These Top Vendors for Tax Advice


Sites providing tax advice and strategies.
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Estate Planning

Guides and advice on personal estate planning and trust planning. This directory also lists estate planning attorneys and estate planning calculators.

www.business.com/general/estate-planning/
401k Plans

Information on 401(k) plans.

www.business.com/finance/401k-plans/
401k Rollover

Business directory to 401k rollover information and advice.

www.business.com/finance/401k-rollover/
403(b) Plans

Resources and services for 403(b) plans.

www.business.com/finance/403b-plans/
Retirement Consultants

Retirement industry advisers and consultants.

www.business.com/finance/retirement-consultants/
Retirement Plans

Companies that provide retirement plan benefits, including 401k plans and pensions. Get information on corporate retirement plans, or how to offer retirement benefits for employees.

www.business.com/finance/retirement-plans/
401k

401(k) plans allow employees to save for their retirement by contributing a portion of their wages to an individual account. Employers can also contribute to 401(k) plans in the form of employee benefits; be sure your 401(k) vendor can manage your employees’ investments wisely.

www.business.com/finance/401k/
401(k) Plans Key Terms

Source: /guides/401-k-plans-key-terms-33062/

Learning about 401(k) plans key terms is a good place to start if you're considering starting up a retirement fund for your employees. From automatic enrollment to matching, after-tax and pre-tax contributions, 401(k) plans have several terms you may want to know before beginning one of these programs. Read More »

401(k) Plans Industry Overview

Source: /guides/401-k-plans-industry-overview-21253/

The 401k plan grew from a little known tax code loophole--which is where the 401k name came from--to the most common way workers invest for their retirement. This industry possesses trillions of dollars in allocated 401k retirement plan contributions. Read More »

Business Tax Deductions


Small business owners generally loathe tax time. But if you take all of the business deductions allowable, you can usually lower your tax bill significantly. Recording and reporting deductions doesn't have to be drudge work. With a solid grasp of the expenses you can legally deduct and with a little help from tax software or a tax professional, you can:
  1. Reduce the time spent calculating deductions
  2. Be certain you're saving the proper receipts
  3. Be certain you're filing the proper forms
  4. Minimize the chances of an audit

Check with the IRS

Go straight to the ultimate source for information on deductions you can claim on your federal business taxes.
IRS Small Business and Self-Employed One-Stop Resource includes an overview of business expenses you can deduct. IRS Publication 535, updated each year, provides a detailed overview of deductions.

Use the proper forms

The forms on which you report your deductions depend on your company's legal structure: sole proprietorship, partnership, LLC or corporation. For instance, sole proprietors must file Schedule C or Schedule C-EZ of Form 1040; partnerships must file Form 1065; corporations must file Form 1120-A, 1120 or 1120-S; and home-based businesses must file Form 8829.
forms for filing your business deductions at IRS.gov.

Know your home-based tax deductions

Businesses run from the home are eligible for a variety of deductions, including deductions for a home-office, cars, furniture, equipment, supplies, business travel and more.

Stay within the law

Don't tempt fate by overstating deductions or attempting to claim a deduction for expenses that aren't allowable.

Get tech help

Business tax software programs can help guide you through the process of recording and reporting deductions.

Hire a professional

Running a business 24/7 doesn't leave a lot of downtime for learning about tax deductions. To make sure you're taking advantage of all the deductions you're entitled to and that you're reporting them correctly, get help from a CPA or an accountant.
  • Keep accurate records of all purchases and expenditures throughout the year; when it's time to file your tax return, you'll be ready.
  • Be careful not to spend limited resources just because it's deductible. You don't want to end up with stuff you don't really need. Keep the cash instead.
  • Make sure you file all of your tax forms on time.