To Pay Or Not To Pay: Why Ask The Question?
No one likes them, and yet everyone (who wants to stay out of prison) pays them. They help CPAs make a living, and they force everyone else to work harder. Taxes affect everyone. Without them we would have roads like those in most third world countries. Thus we can all recognize the value of tax dollars, and yet we complain when we must pay them. Home business owners have a unique position regarding taxes in that they must actually budget for them. They do not have a business account manager automatically withdrawing their taxes before sending them a paycheck. They do, however, have several options and avenues to take when figuring their taxes.
First and foremost, home business owners can run the Certified Public Accountant route. They may opt to try to save money ultimately by paying someone else to do figure and file their taxes. When a home business opts to do this, they have a third party to send the IRS to if they are ever audited, and they have a professional that understands the newest tax laws. Ultimately, a good CPA will save a home business owner more money than he costs. He will review the taxes and...
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