Tax planning is financial planning. It’s all about managing your finances to reduce your tax bill. You’re not overpaying or missing deductions or credits.

Corporate tax planning means using legal tax strategies to reduce how much tax your company owes. It involves reviewing your income, expenses, business structure

What documents do I need to file my LLC taxes. The main tax form for multi-member LLCs is Form 1065. you’ll need to generate a Schedule K-1 for each member of the LLC.

In the federal tax brackets 2025, the tax rates themselves have remained the same as in recent years still at 10%, 12%, 22%, 24%, 32%, 35%, and 37%.

Tax brackets 2025: There are slight increases in the income ranges for each bracket compared to 2024. In 2025, income tax rates depending on how much you earn and your filing status.

When you check your federal tax refund status, you’ve got a couple of reliable tools you can use. Let’s learn exactly what your federal tax refund status is.

If I bought a car, can I claim it on my taxes? Yes, but only if it’s used for business. It doesn’t matter whether you financed it or paid in full.

The current self employment tax rate is 15.3% of your net earnings. If your income is high you’ll also have to pay an additional 0.9% Medicare tax.

A tax deduction is basically a reduction in your taxable income. if you earned $60,000 and qualify for $10,000 in deductions, you are only taxed on $50,000.

Small business taxes are the federal, state, and sometimes local taxes you must file. Learn about filing as a sole proprietor, partnership, C corporation, or self-employed.