Recent Tax Code Changes that Small Business Owners May Be Facing
Mike D’Avolo, an Intuit Professional Tax Group Senior Tax Analyst who contributes for Entrepreneur, shares the four tax code changes that small business owners may be facing. Tax code changes may place additional burden to small businesses across the country.
D’Avolo writes, “To relieve that burden, here are some of the key changes every small-business owner should know, along with a few key tax breaks, credits and deductions.”
It’s important for small business owners to familiarize themselves about deductible expenses, properly classifying their employees, claiming healthcare credit, and capitalizing on tax extenders.