2009 Tax Tips
Businesses with Cash Flow Issues Should Consider a Tax Payment Extension
The 2009 Tax Return is shaping up to be a particularly troubling one for many businesses. Some businesses are running the numbers and finding that cash simply isn’t around to pay the tax balance up front. If you find your business unable to pay on time, filing for an extension could be an option. Taxpayers should be aware that not all payments should be delayed, especially payroll taxes. The Street reports on the possibility and consequence associated with tax payment extensions. Delaying payroll taxes is even harder and comes with its own risks for owners and their companies. “As an employer, you have a fiduciary. Read More.