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Small business owners know that taxes can be confusing. This is true whether you have filed for several years now, or this is your first year in business. The laws change from year to year, and making sense of the federal tax laws is nearly impossible for anyone except an accountant or an attorney. If you are not careful, you could end up paying far more than you really owe. You could also end up
If you would like to do your own taxes, you will be happy to know that the process is actually simpler than most people think. Paying tax accountants to prepare your taxes may not be the best option especially if your finances aren’t complicated. To do your own taxes, you will need three things; accurate records of your annual income, some basic knowledge of the country’s tax code, an
The new tax season is approaching quickly, and now is the time to get helpful information about state and federal tax filing.The recent government shutdown prompted the Internal Revenue Service to delay federal income tax processing until the end of January 2013. Income tax agents may complete your return prior to January 31st, but they will have to hold onto it until the 31st.Federal refunds sho
Free Tax TipsNo one wants to make a mistake when filing his or her taxes to the federal government. Unfortunately, filing on your own can be a bit difficult. If you want to file correctly, you probably want to take the time to look at free tax tips. Below are a couple sources of free tax tips for your 2013 or 2014 filings.One of the best places to start looking for tax tips is always with the IR
Tax Tips By Consumer ReportsFiling of federal income tax returns by businesses and employers can be somewhat difficult. Many people end up paying higher taxes than necessary because of a lack of proper knowledge on how to reduce their taxes during the preparation of the returns. Consumer reports have created a list of tips on how to reduce your personal tax burden. It is critical for businesses t
Free SCORE Tax TipsHaving your own small business can be a rewarding experience. There are many aspects that can be difficult to accomplish on your own though. The most important issue that needs to be watched and completed correctly is taxes. Ten free tax tips offered by the Score business website can be helpful to any business owner.Deductions are the most important thing to remember with your
For many businesses, especially small businesses, taxes can be quite a handful. Moreover, it’s not just paying taxes, it’s knowing what can be taxed and/or deducted. So, we made a list of things every business should know about taxes, along with various tips for your business tax. This will help make our tax life a lot easier.Make sure you keep Track of EverythingWhile we realize this may seem li
Between January 1 and the end of the first month of the year, most people will find themselves with a variety of tax forms showing up in the mail. From W-2s to financial aid documents for school, just keeping track of all of the information can be a difficult task in and of itself. It isn’t difficult to understand why people often put off filing their taxes until the very last minute, but t

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