The truth is that planning for, paying, and reporting your federal and state income taxes, sales taxes, and business property taxes is a year-round task for small business owners, freelancers, independent contractors, and the self-employed. In fact, there are some upcoming tax deadlines during June that might surprise many of those who are required to meet them.
Help is here, in the form of a free white paper from 1-800Accountant that outlines the most important summertime tax tips that can help small business owners and independent contractors keep more of the money they earn during the year and avoid trouble with the IRS or state comptroller. It’s available now for free download on the resource page at 1-800Accountant
The white paper includes sections filled with information and tips on:
- April 16 Stress Relief: Not so Fast (Tax Deadlines You Might Not Know About)
- The Do-It-Yourself Trap
- Don’t Let Estimated Tax Payment Deadlines & Rules Surprise You
- Bookkeeping Basics
- 5 Steps to Take to Prepare for Internet Sales Taxes
- 5 Tax Moves to Take This Summer
Who Can Use These Summertime Tax Tips
“Every small business and every individual taxpayer has unique circumstances that can only be resolved with the help of a qualified tax advisor. The trouble is that many of the people facing summertime tax deadlines aren’t even aware that they could be running into tax trouble, so they don’t know what to ask,” explains Gary Milkwick, CPA, vice president at 1-800Accountant.
“The white paper gives independent contractors and small business owners the basics of what they should be doing during the months after April 15 in order to comply with the rules and minimize their tax liabilities. There’s even a section on the key steps to take this summer to prepare for the passage of the Marketplace Fairness Act – better known as the Internet sales tax law. Taking advantage of these summertime tax tips can make a big difference, so it’s worth the time to read the document and see what steps you can take to minimize what you’ll have to pay in taxes next year.”