As a small business owner, changes to the federal tax code and new federal business tax deductions will have you feeling like you have homework to do. But sweeping changes in the recently passed federal tax plan has entrepreneurs (and tax accountants) everywhere feeling like they are cramming for midterms. With that in mind, we created a study guide of sorts: let’s just call it your 2021 small business tax deductions checklist! Read on to see how your small business can best benefit from brushing up on these laws.
If you’ve got a successful small business, you know that carefully managed growth is the key to success. Growth isn’t just about what your customers or clients see, though – it’s also about what goes on behind the scenes. It’s always important to have a good accounting department, and not just for the accounting tips. Such a department can help your business grow – at least if you plan its growth in the right way.