Yes, it’s April 15th and if you haven’t filed your taxes just yet, you’re probably kicking yourself in the you-know-what for waiting till the last minute to file taxes for your sole proprietorship or small business. But have no fear, if you have a few minutes, below are some helpful links and tips to make the time before the long wait in line a bit more bearable! Happy filing!
Tax Resources:
- Filing information for those of you that are self employed or own a small business – http://www.irs.gov/Filing/Self-Employed-&-Small-Businesses
- Tax help and tips from the National Federation of Independent Business – http://www.nfib.com/business-resources/tax-help
- The SBA‘s online community regarding tax filing and assistance questions – http://www.sba.gov/community/discuss-popular-topics/filing-and-paying-taxes
Don’t Forget:
- Keep ALL your receipts from every business expense, God forbbid, you may be audited
- Transportation and travel can be a tax write-off, keep track of your mileage for all business commuting
- The IRS is scrutinizing write-offs for business meals and lodging, make sure you can adequately prove so
- Paying taxes every quarter instead of every year diminishes stress and bulk fees
- If your business can afford it (even if you are your business), make charitable contributions throughout the year to allieviate the weight of paying taxes
(photo credit: Arvind Balaraman via freedigitalphotos.net)
Related articles
- Small Business Tax Planning: Are You Ready for 2013? (smallbizdaily.com)
- Tips for filing taxes at the last minute (whptv.com)
- TurboTax – How to File Federal Income Taxes for Small Businesses (turbotax.intuit.com)
- Not Ready To File Your Taxes? Extension Form, Details Available (forbes.com)
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