How a small business can take advantage of new tax rules

“The tax filing deadline for 2013 tax returns is right around the corner – March 17 for corporations reporting on a calendar year, and April 15 for partnerships, limited liability companies, and sole proprietorships.

More than one-third of business owners cut it close to the deadline and wait until two weeks before or less to file, acording to a recent small-business survey by The Hartford. However, getting prepared earlier may be best in the long run. Owners should allow themselves ample time to sift through and understand the many new rules — some favorable, others unfavorable — that will impact the taxes that small business owners pay….”

 

Read full article: Small business advice: How to take advantage of new tax rules this year – The Washington Post.

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