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Small business owners pour their blood, sweat and tears into their company, working long hours and wearing many hats. To succeed in today’s highly competitive economy, they must seek out expert consultants to assist with legal matters, accounting, taxation and other important functions. With so much of their focus on their business, entrepreneurs can lose
No business owner wants to pay more than their fair share of taxes, but the majority of them often do exactly that. In fact, approximately 85% of small business owners overpay on their taxes every year. The problem is not that these hard-working individuals are lazy about taking every possible deduction or don’t mind overpaying.
Can tax planning really help you save money? We hear this question often from business owners, independent contractors and other self-employed people. It makes sense that effective planning can help you achieve your goals but, when it comes to paying taxes, most people assume that they owe what they owe, no matter how much they
If you’re self-employed, filing your income taxes can present a significant challenge. Not only are the tax laws applicable to self-employment confusing and onerous, but you already struggle to find time for all the obligations you have before you. Owning and running a business – even if you’re working alone as an independent contractor –
Most small business owners pay too much in taxes. In fact, approximately 85% of this demographic overpays their federal income taxes every year. Why do you suppose that is? We all know that paying income taxes is a fact of life, but no one wants to pay a penny more than they legally must. The