Firefighters are still battling to keep devastating wildfires under control in the North Bay. Our hearts go out to the fire victims and those in the vicinity threatened by the fires. One ray of good news came from an unlikely source – the Internal Revenue Service (IRS). When the president declared the areas hit by the fires a disaster area, the IRS posted on their website the announcement of tax relief options for fire victims in these areas. Individuals and businesses in the following counties may qualify: Butte, Lake, Mendocino, Napa, Nevada, Orange, Solano, Sonoma, and Yuba.
What Business Owners Should Do Now to Make Filing Taxes as Easy as Possible
Tax season is over for most of us. At least the filing crunch. Unless you asked for an extension.
But is tax season ever over?
If you are a business owner or entrepreneur, the answer to that question is NO. One year rolls into another. When we do well, our profits increase and our expenses level out. Simple steps early in the tax year can save money on Tax Day.