IRS has pushed tax refunds back until February which can be a good thing or a bad thing depending on you. Today, I wanted to break down how to invest your tax refund wisely so you are reaping the benefits not just for a couple weeks but throughout this entire year. Too many people receive refunds of a thousand or more and it goes to things like a trip, car or a tv. Things that truly do not hold their value or help you in the long run.
It’s that time of year when millions of Americans start anticipating their government tax refund. As a small business owner, I am just praying I don’t owe Uncle Sam a penny. Last year I got back $21 and I was so excited. Previous years I was zeroed out or I owed less than $500. So, that gave me little joy.
It’s that time of year, when H&R Block and Jackson Hewitt commercials are running rampant to remind people it is tax income season. When being a small business owner taxes take on a whole new meaning. At least they did to me, especially when I realized I was responsible for more than I could even comprehend at the time.
We are getting closer and closer to the New Year and tax season. This is the time of year most people start thinking about launching a business and others who are already running a business are trying to figure out how to do their taxes. Understanding taxes in general can be a whole new ball game for a newbie. Don’t miss out on these 7 tax write-offs for small business.