The Most Common Tax Mistakes Made by Small Businesses

Are you one of the thirty million Americans who own and operate a small business? Each year, more and more people are taking the leap to be their own boss and build their own company. In 2010, there were 2.5 million new business applications filed in the U.S. Last year, there were over four million filed before we reached December.

Unfortunately, the majority of these businesses will fail over the first five years of operations - not because the owners lost their passion or drive to succeed, but because they made critical mistakes in areas of taxation, finances, and funding.

Every successful business must have a solid tax, financial, and legal foundation supporting the passion and potential so the organization can grow strong and prosper.

What happens when a company's fundamental financial foundations are unstable? The business owner can experience stress, struggle, and strain, and their business can face tax assessments, audits, financial penalties, or even bankruptcy.

Even though this happens to some people, it doesn't have to happen to you!

The Most Common Tax Mistakes Made By Small Businesses, written by leading tax, financial, and legal experts, gives you the answers to questions such as: