Tax Headaches

Just when I was thinking that I was spending more time musing then writing about actual day-to-day business issues (mainly because things are slow for the holidays) along comes today. It's been one of those days where I've played everything from marketer, production manager, bookkeeper (and I still need to do more!), and finance and nothing is going quite according to plan. Plus since I'm wearing so many hats today I feel like I'm being pulled in 100 different directions and not actually getting any substantial done.

But the biggest issue of today comes in the form of taxes. Yep, business taxes are due around January 31st so I finally got the time to contact a business accountant about doing the taxes (which can't be that hard, we're not profitable). Well I'm right with regards to the actual taxes themselves won't be too hard or timeconsuming (aka - won't necessarily cost me an arm and a leg) but apparently it's looking like there was some sort of administrative screwup when I filed the business entity earlier this year. It's unknown at this point whether it was my screwup - though in my defense I did have a lawyer look everything over before it was submitted - or the state's...but in reality let's guess who'll take the fall for this one.

My bigger concern is getting this remedied ASAP. I have faith that the accountant and her band of roving CPAs will be able to fix the problem, but I am worried about how much this whole process will end up costing me.

I'm chaulking it up to the way of a small business...there are always mistakes along the way that you learn from, but they can be costly learning exercises. Wish me luck!

Added three hours after the initial post: So things are looking up slightly. The tax issue is still there but the fact that I haven't received any forms re: my city business tax is apparently due to the fact that they are late sending them out. Unbelievably, the city answered an email I sent them only a few hours ago - I was shocked. So I am appropriately registered with the city and state, just not the Feds. And, I finally got caught up on all my QuickBooks. What a mess and my own darn fault for letting it go so long. But I finally got it updated and at first glance it's all appearing to balance out...though I will double-check everything again tomorrow.