Small Business Tax Filing

Few business sectors embody today’s entrepreneurial spirit, drive for innovation and unwavering perseverance more than the small business community. From creating the majority of net new jobs in the country to employing more than half of private industry’s workforce, its 29 million members not only personify the American dream but also serve as the growth engine of the U.S. economy.

Although uncertainty continues to cloud the nation’s financial forecast, small businesses have remained a powerful force in the U.S. economy. Bolstering their position are a number of tax laws that have presented small businesses with opportunities for reducing taxes, lowering expenses and encouraging investment in employees and equipment. However, understanding the full range of the latest tax laws, and correctly applying them when preparing tax returns, can be a daunting task, especially when meeting new business demands and growing competition, which are consuming a greater amount of small business owners’ time and resources.

The following information provides an overview of key tax law provisions that may affect your business, and the latest information and practical strategies for minimizing your tax bill. Information is current as of Dec. 12, 2011.

Should you have any questions or concerns as you prepare your 2011 tax return – or as you evaluate your business’s financial situation throughout the year – a CPA can help, by reviewing your overall position and providing you with the expert tax planning counsel you need today and in the years ahead. By combining unrivaled education, training and experience with a focus on your financial situation, a CPA can recommend sound strategies designed to make your goals a reality.