Nashville Area Small Business Networking

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Comprehensive monthly bookkeeping and account management tailored for small businesses, trade contractors, and service providers.

Answer • Coronavirus

With the tax filing deadline extended to 7/15, what advice do you have for small businesses? What are the pros and cons of filing now vs later?

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Answered on Apr 6th, 2020

Here's some of the Pros and Cons to filing sooner rather than later: Pro: If you are in a business that finds itself restricted or shutdown due to corona virus mandates, you can take advantage of the extra time you have on your hands to go ahead and prepare your taxes. Things might be very busy and chaotic once regular business hours resume. Pro: Oftentimes, a business owner's personal tax returns can not be prepared until the business return is finished. It might... (more)

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