TAX TIME FOR SMALL BUSINESSES
1. Organize Your Financial Records
Income Records: Gather invoices, sales receipts, and other documentation that shows your business income.
Expense Records: Collect receipts, bills, and statements for deductible business expenses like rent, utilities, travel, and supplies.
Bank and Credit Card Statements: Ensure all accounts are reconciled.
Payroll Records: Compile W-2s, 1099s, and payroll tax filings.
2. Review Tax Deadlines
Know the filing deadlines for your business structure (e.g., March 15 for S-Corps/Partnerships, April 15 for […]
