It’s tax season once again with the April 18 deadline for the filing of income taxes looming upon us. If you’re like most small business owners in Nashville, TN, paying income taxes can be a painful exercise. Fortunately, there’s a silver lining in the form of tax refunds.
Not everyone is entitled to a tax refund but a close examination of your finances with your accounting firm might reveal some opportunities for one. According to the IRS, the average tax refund for 2021 was $2,870—certainly not an insignificant amount especially for small business owners who have to constantly watch their cash flow.
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