Summertime Tax Tips for Small Businesses & Independent Contractors

New white paper from 1800Accountant.com offers practical advice for the self-employed and small business owners on keeping more of what they earn while avoiding IRS problems


New York, June 10, 2013 (GLOBE NEWSWIRE) -- (http://www.myprgenie.com) -- Remember how good it felt on the morning of April 16 when you woke up and realized that your taxes had been filed, and you didn't have to worry about them for another year? Yeah, about that…

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 1800Accountant.com that outlines the most important steps that small business owners and independent contractors need to take this summer in order to 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 1800Accountant.com.

The white paper includes 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

"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 1800Accountant.com.

"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."

About 1800Accountant.com

1800Accountant.com is a national business services and accounting firm that assists micro, small, work-at-home and startup businesses in all 50 states, Canada, Australia and the UK. The company provides small businesses with affordable accounting, tax preparation, payroll, bookkeeping, business planning and consulting services from an experienced team of over 100 in-house tax and business professionals.

To find out how small or home-based business (including law firms) can keep more of the money they earn, and how 1800Accountant.com can help avoid tax problems, visit 1800Accountant.com. To see additional tips and techniques, visit the company blog at 1800Accountant.com/blog or the company's resource page at 1800Accountant.com/resources.



            

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