Wednesday is April 15 – tax day – and according to the National Small Business Association’s 2015 Small Business Taxation Survey, 49 percent of owners file and pay by the deadline, while 27 percent file on time but request a payment extension. Here’s more from the report.
22% Owners who spend at least 120 hours a year dealing with their federal taxes.
85% Owners who have an accountant or tax practitioner handle their company’s taxes.
28% Owners who spend $1,001 to $5,000 a year on the administration of federal taxes.
25% Those who spend one to two hours each month on the administration of sales tax