In this week’s Ask the Tax Expert, a budding beekeeper asks questions about which drives are deductible. While your business may not be as buzzing, read on for some applicable tips for small business owners.
People have been talking about it for years, but it always seemed an impossible dream … just out of reach. Now it looks that it may actually happen. No, we’re not talking about the new Star Trek television series. We’re talking about tax reform.
Here’s how small business owners can prepare for tax reform.
Tax Day in the United States has passed and the team here at Taxfyle are able celebrate another year of making taxes simpler for taxpayers and CPA’s everywhere. We should really have a ball drop or something next year for the office. We’d like to offer a few resolutions for the new tax season which will help you get ahead of next year’s tax returns.
To encourage delinquent taxpayers to pay up, from time-to-time most states offer tax amnesties: If you pay the amount of tax due, the interest and penalties you have to pay are reduced or eliminated entirely. Pennsylvania and Virginia are offering tax amnesties for a limited time.