When April 15th rolls around, unless you have been granted an extension, the IRS demands that you have your taxes ready, sent and received by their office. The agency is not flexible on this and will come down hard on any tax evaders. Even if you skip just one tax season, you could get audited and that could result in fines that you probably can’t afford to pay. The IRS will set you up on a payment plan, but you should be prepared to pay interest and late fees if a payment ever comes in past the deadline. Check out some tips on how to properly file on our blog.
How much and how you pay your taxes are based off the type of business you own. Do you have any tax tips to offer business owners to save them time and money this tax season?