A small business owner often wears many different hats. They might have to wear their boss hat one day, and the employee hat the next. When tax season comes around, it might be their tax hat. They may think of doing their taxes as just another item to quickly cross off their to-do list. However, this approach could leave taxpayers open to mistakes when filing and paying taxes. Here are 4 common mistakes if they filing them:
1.Underpaying estimated taxes 2.Depositing employment taxes 3. Filing late 4.Not separating business and personal expenses We can help you to avoid this costly mistakes.