Year: 2017

[fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][fusion_text]10 Can’t Miss Tax Deductions For Small Businesses & Self-Employed Persons Kelly Phillips Erb, Forbes Staff

“American business is overwhelmingly small business.” That’s the word from the Small Business & Entrepreneurial Council which cfigured that the number of small businesses with fewer than 20 workers together with the number of nonemployer businesses makes up 97.9% of the businesses in America (remember those are numbers of businesses and not numbers of employees).

Data from the Internal Revenue Service (IRS) supports the notion that small businesses are making a significant economic impact. Of the nearly 148 individual income tax returns filed in 2014 (the last year for which complete data is available, downloads as a pdf), 46 million – or 1/3 – of tax returns reported income from a sole proprietorship, pass-through business entity (like an s corporation, partnership or LLC), rents/royalties, or farms. That’s 1 in 3 individual taxpayers who filed an individual tax return reporting business-related income. It’s no wonder that a number of the questions in our last #AskForbes Twitter chat focused on deductions for small business. To help you out, here are 10 can’t miss tax breaks for small businesses and self-employed persons:

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This article explains the possible impact of an across-the-board import and export tax.

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KMA Bodilly CPAs & Consultants, S.C. a full-service, Madison-based accounting firm, announces the acquisition of Hometown Tax & Financial, S.C. a Verona-based accounting firm. “Verona is a growing market and presents significant opportunities for KMA to increase our reach within Dane County”, said Jason Kadow, CEO of KMA Bodilly. “Acquisitions are an important part of our overall growth strategy and Hometown Tax & Financial is an important part of our future. We expect the partnership to provide Hometown’s existing client base with KMA’s growing network of resources, while providing them with the same commitment to client service excellence they have come to expect.”, added Cory Myers, President of KMA Bodilly.

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