The Crucial Role of Tax Preparation and Accounting for Small Businesses
Among the key pillars of financial management, tax preparation and accounting hold a special place. Tax preparation and accounting are not just administrative tasks; they are the backbone of a small business’s financial health and growth potential.
Got a Side Hustle? Tax Season Just Got More Complicated
According to a recent survey, 45% of Americans have a side hustle in addition to their full-time job. In Maricopa County, the formation of businesses rose from 4.7% to 31.9% between 2019-2020. Whether out of necessity or passion, these side jobs will have important tax consequences come April 15.
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