Filing small business taxes is an important process for every business, although it’s enjoyable to very few. In fact, some flat-out dread it. The problem is that some business owners think of taxes only in the weeks leading up to the tax filing deadline. But there is a lot more to consider.
Read through these six common mistakes small business owners make so you can avoid making them in your business.
- Not Filing or Paying Taxes on Time
- Not Paying Estimated Taxes During the Year
- Not Applying the Right Business Deductions
- Not Tracking Expenses Accurately
- Not Separating Business and Personal Expenses
- Not Using a Tax Professional
