3 important questions every business owner should be able to answer

It’s important to gather all the information you need before you start preparing your taxes. Here are a few questions you will need to answer:

1.

What type of business are you running?

The way you file your taxes will depend on whether your business is registered as a limited liability company, an S corporation or a C corporation.

2.

What deductions can you claim?

Go through your business expenses with an experienced and detail-oriented tax accountant.

3.

Are you prepared to take on self-employment taxes?

New business owners often don’t realize they are responsible for both their own personal income taxes and the half usually paid by employers.

Plan ahead this year by hiring J Robin Wilde, PC CPA to help you prepare and file your taxes. Make an appointment with a certified public accountant in Meridian, ID ASAP.