Tag Archive for 'tax filing'

RESULTS: How will you file

The Question:

With tax filing dates coming up, how will you file?

62% - Will file both personal and business (corporate) by due dates
5% - Will file extension for business, but personal on time
0% - Will file business on time, but extension for personal
30% - Will file extensions for both personal and business
3%-Won’t file any returns this year
Jim’s Comments:

See Until Next Time above.

RESULTS: How do you feel about the taxes you pay?

The Question:
With the tax filling extension date coming this week, how do you feel about the taxes you pay?

69% - We pay too much in taxes, especially for what we get.
6% - We pay a lot of taxes, but it’s probably about right.
8% - Since we’re not profitable, we don’t play a lot of taxes.
17% - I would love to have enough profit to worry about taxes.

Jim’s Comments:
As you can see, almost 70% of our sample think we’re not getting an acceptable ROI on our tax dollars. Which is understandable, since the taxes small businesses pay represents precious capital that can’t be invested in the business. I’m going to have more to say about this in next week’s Feature Article.

Stay tuned and thanks for participating.  And be sure to take our new poll.




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