President Trump said at a rally in Pennsylvania on Friday that he is going to double tariffs on steel imports from 25% to 50%. The hike, the president said, "will even further secure the steel ...

Small businesses get the benefit of deducting business expenses from their taxable income. Businesses structured as S corporations can deduct payroll tax expenses on line 12 of Form 1120S. Only ...

Small businesses that are sole proprietorships, partnerships or limited liability corporations are allowed to deduct costs for workers' compensation insurance from their federal and state taxes.