Did you know that late filing of taxes is one of the most common errors made by US businesses according to the IRS? This results in penalties, which cut deep into the profit of companies. But do you know how to avoid them in these lean economic times? One way is to get professional help so you can concentrate on […]
Month: January 2023
How to Avoid Capital Gains Tax When Selling a Business
Did you know that over 10,000 businesses are sold in the United States each year? It’s no surprise then that some business owners are concerned about capital gains tax when it comes to selling their businesses. The good news is that you may be able to avoid or reduce your capital gains taxes when selling a business. Let’s take a […]
How to Read a Business Tax Return
More than 600,000 new businesses are formed in the United States each year. Unfortunately, not all of these have staying power in their industries. Properly managing your tax obligations is one of the most important responsibilities you have as a business owner. However, this means you will need to understand how to read a business tax return. Let’s take a […]