It is that time of year again. The tax man has come and gone. For those of us that owe the IRS, we have been left a little poorer for the visit. If you are an individual or small business owner and find yourself indebted to the Internal Revenue Service, we have some tax debt tips that may help your situation.
Small business owners (SBOs) have more than enough on their plate – generating new business, keeping current clients happy, and coming up with new ideas to grow their company (to name but a few). Add in accounting, number crunching, and taxes, and it can quickly become too much for even the most ambitious of entrepreneurs. The consequences for taking on too much can be many. One, in particular, has to do with mistakes in tax filings. To help SBOs combat this, our blog today will delve into some of the most common tax mistakes business owners can make.
For most of us here in the United States, the clock is ticking – April is right around the corner and the taxman is knocking at our doors. If you do not have a relationship with a good tax professional or certified public account (CPA), now is the time to begin your search. This is true for business owners, too, who need help with their small business accounting and financing issues year-round as well.
There is something about the holidays and end of the year celebrations that make people want to give and be more charitable. If you find yourself in the mood for charity this season, you should be aware that there are some ways you can give and get back a little at the same time. Here are some charitable gift tax tips to reward you for your generous spirit!
The end of the year is fast approaching and as December 31st draws ever near, time to implement those smart, last minute tax strategies is running out. To help make sure you get the most out of your efforts this year, here are some tax tips from the professionals at Clayton, Paulk, and Associates!