Tax season is upon us, and many small business owners are scrambling to pull together all the documentation needed to complete their returns. Tax preparation is expensive, time-consuming work for business owners, even for those who hire professional tax preparers. And no wonder. While the tax code in 1955 was 409,000 words, today it is around 4 million according to a National Taxpayer Advocate report. Just to get a handle on that, that’s five times longer than the Bible, both old and new testaments. “If tax compliance were an industry, it would be one of the largest in the United States,” the report says.
Mar 24, 2017
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