Small business
Seven Small Business Tax Questions
Tax season can be an especially taxing time for small business owners, many of whom have unique and complicated sources of income. It’s often hard to avoid getting bogged down or distracted by the stress of filing all the appropriate paperwork, staying on top of tons of tiny details, and making sure there’s enough money on hand to pay your bill. If you’ve got questions about the tax status of your small business, check this list of common small business tax questions to see whether we can provide some answers and help relieve a little bit of stress. What are the important dates to remember? Different types of business have different dates for filing tax returns and paying outstanding balances. If your business is a sole proprietorship or partnership whose fiscal year ends on December 31, you must pay your taxes by April 30 in order to avoid penalties......
