Tax season is the enemy of small business owners. Small business owners wear a lot of hats: accounting, marketing, sales – you name it. The small business owner often fills the void in his business.
TurboTax and other online services even allow owners with no accounting experience to file their taxes and take advantage of tax breaks along the way.
But there’s also the anxiety of:
- Gathering receipts
- Outlining all expenses
- Cycling through billings and invoices
Businesses that opt to pay taxes annually and incur the small penalty also worry about having enough money come tax season.
If you’re a freelancer or contractor, chances are you were more focused on staying afloat this past year than worrying about tax season.…Continue reading