Posts Tagged‘business tax’

What Should One Do If They Miss The Deadline To Request A Filing Extension?

When you are filing taxes for a business, requesting and receiving an employer identification number (EIN) is the easy part. Once you have your sole proprietor Tax ID number, or whichever kind of EIN you have, you will realize just how many rules you have to follow. Business taxes are different from personal taxes in many ways, including when it comes to filing for an extension. Here is what you should do if you need an extension for filing your business taxes, and what to do if you miss the deadline: Filing for an Extension for Business Taxes For personal…

Why Your Business Should Always Be Tax Aware

There are some things in life that just have to be paid, rent, loan payments, energy suppliers and most importantly, your taxes. Everyone who owns a business must file an annual tax return detailing the incomings and outgoings of your business in order to determine how much tax you will pay. As someone who understands effective business management like George Bardwil would tell you, having a business with watertight bookkeeping is absolutely vital to staying in line with the I.R.S. an enemy that no business wishes to have. Here is why your business should have its finances in perfect order.…