A couple weeks ago I posted some tax mistakes that business owners make. Well, as I worked with several clients since then I found five more tax mistakes that consistently popping up.
If everyone agrees, I bet we can then say number four is managing cash. “What cash?” is not an appropriate come back. At least I hope it’s not.
Since managing cash is high on the list, I have worked many years on making this daunting task be as simple as possible through just a few simple hacks. These hacks are from real life examples with my own client base. And yes, they work for businesses like yours as well.
You took the plunge. You decided to start that new business and take charge of your own life. But maybe you’re a bit nervous about the money you need to spend to get your big idea off the ground.
Well, take heart. Here’s what you need to know about deducting startup costs on your tax return. Read More
It’s that time of year. When preparing your tax return, even a little mistake can cause problems. You could end up with a larger tax bill than you should, your refund could be delayed, or ever worse, you could get audited.
Here’s a list of the most common mistakes that could be costing you money: