New Tax Rule for Small Business

Last week the Internal Revenue Service made a decision that will make taxes a little easier for small business owners.

The IRS wrote a letter to the National Federation of Independent Businesses stating that small business will no longer be required to justify the difference in their credit card receipts and business income.

According the the NFIB this move is important because it is difficult for many small businesses to monitor every small credit payment.  Opposition to the new rule argue that small businesses pay too little in taxes.

Before you start worrying about you 2012 taxes, take comfort in the new IRS decision that eases the requirements for small businesses.


About BizTV

BizTV is the home for your business. Whether you're an entrepreneur, small business owner or just managing your family's assets, BizTV can help. Find the resources you need to manage your money, start your latest venture or grow your business. BizTV, It’s Your Biz!

Posted on February 13, 2012, in Uncategorized. Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: