Yes almost everybody struggles to pay their taxes.
The KEY to staying in business is having the cash to operate short and long range
and that includes paying taxes.
When you go into business you need a business plan and part of the plan includes a budget as a tool to help you.
Paying your taxes like employee taxes is done weekly, monthly and quarterly.
Your taxes should be paid quarterly on an estimated basis.
Jackie Gold article is just an advertising for Entrust (whoever they are) like going to a bank or any other loan company.
AM I MISSING SOMETHING??? LUCKIEST
I agree with Luckiest (as usual ). The IRS offers an option of paying by credit card (http://www.irs.gov/efile/article/0,,id=101316,00.html) but it makes more sense to follow a budget that makes sure taxes are deposited quarterly, instead of allowing yourself to get behind.
The Virtual Office Goddess, LLC
I'm not "just advertising" but yes I did write a blog article that I'd like people to read.
The fact of the matter is that many small businesses who know all about "budgeting" and preparing for tax time still manage to fall short when tax time arrives. I thought the article would be helpful for those businesses.
As someone who works in small business lending, I am encountering more and more small businesses who are struggling to come up with the cash they need to pay taxes this season. Do you find yourself in this position? Given the fact that the economy has been so rough for small business owners lately and small business lending is so hard to find, tax season feels like adding insult to injury this year.
I wrote an article about a helpful source of financing for the upcoming tax season which you can check out here:
Let me know what you think.
How is your small business faring this tax season?