Taxes
The SBE Council, a nonpartisan small business advocacy group, recently released
With the aid of a program like TurboTax, some people are able to gather together fewer than a dozen pieces of paper and finish their taxes in around an hour. But small business owners often aren't nearly so lucky, as the results of a new survey from the National Small Business Association prove.The NSBA surveyed over 300 small business owners between March 15th and March 28th, and determined that doing taxes isn't always a matter of setting aside an evening - or even an entire day - to spend in front of the computer, shuffling forms.
The health care reform debate has seen politicians on both sides of the aisle throw around lots of big, dramatic ideas and accusations. It has perhaps been hard to know what to believe. A new calculator may let small business owners see exactly how health care reform will affect them, however.
With the clock ticking away, tax time will be here before we know it. It's usually a stressful time, since most everyone has the fear that they will forget something. Thanks to some new legislation that is detailed in the video below, this year might not be so bad after all.
Leading up to the VAT increase in the UK, more than a few experts (and poll participants) indicated that it would have serious detrimental effects on small businesses. Fortunately, that doesn't appear to have been the case, as the results of a new survey show small business owners haven't seen much change.
When trying to get elected, politicians generally either promise lower taxes or avoid the subject. The average person just won't support tax hikes. And now that the UK government's increased the VAT (value added tax) from 17.5 percent to 20.0 percent, the majority of small business owners say the change will have a negative effect on their companies.
Many people have suggested that the only certainties in life are death and taxes, and we can't help much when it comes to that first inescapable thing. But small business owners who are worried about tax audits may be pleased to hear that a new guide has been issued.
The House of Representatives has approved the "Small Business Tax Relief Act of 2010, by 247-170. The legislation is aimed at providing tax cuts for small businesses to help them grow and create jobs. The bill is companion legislation to the "Small Business Jobs and Credit Act," which seeks to improve lending for small businesses.
It's once again getting to be that time of year when high blood pressure medication should probably be handed out on street corners. Small business owners who haven't done their taxes don't need to get anxious just yet, though, as the National Association for the Self-Employed has plenty of advice regarding how to take care of things.
A simplification of the tax system would benefit a vast majority of small business owners, according to the latest findings of the Federation of Small Business and ICM Research. Indeed, 75 percent of them think growth would occur as a direct result.
Submit Your Article
Advertise
Newsletter
