When it comes to filing your taxes, there are ways to save as an employer. There are tax deductions based on the expenses you pay for your employees. We want to make sure that as a business owner you are taking advantage of all the tax deductions possible!
Honestly, we are not big fans of filing extensions. We find that business owners have a hard time moving forward into the new year when they haven’t closed the previous year out. It’s almost as if they have a weight they are carrying and can’t put down. However, We do believe there are two good reasons to consider filing an extension.
Without a doubt, the number one reason to become an entrepreneur is so you control your own destiny. We are not just referring to how you live your day-to-day life, but your long-term future. When you think about the long-term, you should be considering retirement. As a business owner, you have so many opportunities to create a huge nest egg for your future!
Owning a small business makes you very aware of every penny coming in… and going out! While following your passion is why you started your business in the first place, the reality is, it needs to be profitable. Most small business owners try to save every dollar humanly possible, but there are just some things you should not skimp on. Tax preparation is one of them.