As a small business owner were you aware that “According to the IRS, 40% of small businesses pay an average penalty of $845 per year for the late or incorrect payroll filings and payments” Stated by Craig Hurlbut, Director of payroll and U.S payroll tax expert for wave TOP 3 TAX PENALTIES FOR
Businesses are industry based and every industry has its own expenses. If you are looking for Business Deductions then here’s an ultimate Cheat Sheet for Self-Employment deductions: Expenses specific to your Industry Business Licenses & Permits Telephone (Including Cell) Legal & Professional Fees Auto Expenses & Mileage Gifts Given (Professional) Advertising & Promotion Repairs
The thought might send shivers down your spine, and it should. Here are reminders about some of the actions that are required — or should be avoided for your Taxes. As such if you are planning for your retirement plans then Contribution to IRS are still deductible for 2016 if made by April 18,