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Tuesday, April 10, 2012

Small Business News You Can Use (4/10)

Tax day is a week away. If you know that you will need to write a check, it's no surprise that you're delaying the inevitable as long as possible. To help motivate you to get it done, though, I've rounded up six of the most commonly overlooked tax deductions for small business. After years of living under the rain cloud of recession, things may finally be looking up, at least judging by the results of a recent survey conducted by SurePayroll. The commissioner of the Internal Revenue Service warned on Thursday of "a real disaster" for taxpayers next year should Congress miss a December 31 deadline to decide on billions in major tax provisions. Twenty-six Fortune 500 companies paid a tax rate of less than zero over a four-year span, according to a new study.

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