By David Nilssen, CEO & Co-founder of Guidant Financial
As “chief cook and bottle washer,” America’s small business owner has enough on its plate. Tax time only increases the workload as many frantically pull together their financial records so that they can maximize their deductions. While I’m not a tax professional (this is my disclaimer that this is for educational purposes and to not misconstrue this as advice) my company has worked with over 8,000 entrepreneurs and I’ve noticed common mistakes that many small business owners make in regards to their financials.
Here are just a few of my observations: