Small business owners (especially those that file Schedule C) are getting a little assistance from Congress recently. Congressional leaders are pressing the IRS to ease up the audits on small businesses (see previous posts regarding the tax gap) and let small business owners take advantage of the tax relief provided in the American Recovery and Reinvestment Act. Small business are getting audited more often than their larger counterparts, coupled with the fact that small business are the backbone of the economy, providing the small business owner a helping hand may be a good idea. Blog readers can be rest assured that we will keep you posted on any changes that will benefit you and your small business. Be sure to speak to your tax advisor regarding how the American Recovery and Reinvestment Act will affect your small business this year.
Business N Synergy