-
US small-business owners face tax headaches on top of COVID woes | Tax News
Smaller firms that have been buffeted by the pandemic, inflation and shipping woes have a different obstacle to insert to their plate: taxes. Tax year can be complex for all people, but as the April 18 submitting deadline looms, modest-small business proprietors, contractors, business people and some others facial area a raft of at any time-modifying policies and regulations. Furthermore, numerous are dealing with delayed returns and refunds from prior tax durations. The Internal Revenue Support has warned of a backlog and suggests additional delays are to be expected. “It’s even worse this calendar year than final calendar year,” said Gene Marks, proprietor of The Marks Group, a compact business…