Complex Tax Rules Costing Small Business Big Money
Now that Tax Day has come and gone, CNBC has released a new report outlining the difficulties small business face each year when filing their taxes.
According to the news source, Americans invested an extra $234 billion last year alone in making sure they complied with the tax code. And for small businesses, the hit is considerably bad because of the tax code’s sheer complexity, costing the average family-run biz about $5,000 in preparation fees.
Image via flickr/401(K) 2012