Common Tax Mistakes Made By Small Business Owners
As a small business owner, your taxes are just as important as the products and services you provide. One costly mistake is enough to wreak financial havoc on your business. Knowing how to avoid mistakes is key. Here are just some of the common tax mistakes small businesses make. Underpayment Particularly for new business owners, calculating your tax load in order to pay your estimated taxes can be tricky. However, paying too little will result in a tax penalty.