Problem
TAX INTERVIEW WITH A BUSINESS OWNER!!
This is a last ditch effort I'm making for an assignment due tomorrow. I need to interview a business owner who files taxes under their sole proprietorship//corporation. Below are the questions I need answered. Please Help!
Answer the following questions:
What are some provisions of tax law that you have found to be particularly beneficial for your business?
Have tax laws influenced your business decisions over the last few years? Such as spending on the purchase of equipment, automobile mileage deductions, fringe benefits, and/or retirement planning?
Can you give specific examples of things you have done to take advantage of tax laws to decrease your tax liability in a particular year? Please elaborate on these items. We really want to know how tax laws influence your decision-making processes.
What are some provisions that you would have hoped could be changed in the tax law?
Do you prepare your own taxes or go to a tax preparer?
If you prepare your own taxes, what software do you use? How long does it take you?
If you go to a preparer, why do you go? How long does it take you to get ready to see your preparer? Do you meet with your tax preparer? Would you mind sharing how much you pay for your tax preparation?
Have you ever had problems figuring out your taxes or problems with the IRS or tax agencies (optional)? If so, please explain if you feel comfortable doing so.