What should small business owners be focused on during tax season?
While you started 2016 with the best of intentions to keep your financial records organized, you may find yourself scrambling to find receipts and other documentation to prepare your tax returns. All too often it is accounts receivable that presents that greatest challenge.
More than 70 percent of small businesses outsource their tax preparation, according to the 2015 Small Business Accounting Report. Still, that doesn’t mean there isn’t work to be done in advance. Here are five tips to help small business owners prepare for tax season.