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7 Tax Tips for Small Businesses



Last Updated: Mar 20, 2014
Keeping your tax records organized and being aware of the tax laws that apply to you can save you time and money. Here are 7 tips to help you focus now and get tax records organized for the future.

Tax season is here. If you haven’t already done so, you’ll need to gather all the data you’ll need to file your tax return.  And, that makes this an ideal time to put procedures in place for collecting and organizing your tax records, documents and QuickBooks files on an ongoing basis, so you can avoid the last minute scramble and potential fees when you file your return next year for 2014.

Here are tips you need to know to avoid compliance headaches and possible fines and penalties

 

Mike D’Avolio is Senior Tax Analyst with Intuit’s Professional Tax Group. He has worked for Intuit since 1987, and has been a small business tax expert for more than 20 years. In this role, Mike serves as the primary liaison with the Internal Revenue Service for tax law interpretation matters, manages all technical tax information, and supports Tax Development and other groups (including customers) by providing them with current tax law developments, analysis of tax legislation and in-depth product testing. Mike is a CPA and holds a BS in Business Administration and JD from Boston University.

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