« Banks Looking To Woo Small Businesses | Main | Commercial Banks Increase Lending To Small Businesses »
March 10, 2005
What To Do When You Can't Meet Your Small Business' Tax Burden
ABC News has a nice article about the different options available to small business proprietors who are unable to pay their taxes.
The article cites filing your tax return even if you can't pay the taxes owed as the most important thing you can do. Coming clean limits your penalties to late payment fees. The article also cites the fact that two filing extensions are available thereby allowing one to defer tax payments until October 15.
Posted by Nick Infusino at 03:30 PM in Small Businesses | Permalink
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8345157d569e200d83422981953ef
Listed below are links to weblogs that reference What To Do When You Can't Meet Your Small Business' Tax Burden:
» When You Don't Have Enough Money For Taxes from Business Opportunities Weblog
ABC News: "What if your small business owes Uncle Sam more than you can pay?" via Law & Entrepreneurship News... [Read More]
Tracked on Mar 11, 2005 6:37:19 AM
» Upgrades Imminent... from of forums to
spring cleaning around here. One thing you can see right now is the Forums link in the menubar now points to MozillaZine's [Read More]
Tracked on May 1, 2006 5:33:18 AM
