Daily Archives November 26, 2019

4 Common Tax Errors That Can Be Costly For Small Businesses

IRS TAX TIP 2019-164 Four common tax errors that can be costly for small businesses A small business owner often wears many different hats. They might have to wear their boss hat one day, and the employee hat the next. When tax season comes around, it might be their tax hat. They may think of doing their taxes as just another item to quickly cross off their to-do list. However, this approach could leave taxpayers open to mistakes when filing and paying taxes. Accidentally failing to comply with tax laws, violating tax codes, or filling out forms incorrectly can leave taxpayers and