No doubt, you own small business, still you have to pay the taxes to contribute in the development of your country; if you are a true citizen you should pay the taxes every year at the proper time such that you could avoid many problems.
The total growth of the country depends how the citizens are aware about paying the taxes. These paid amounts directly or indirectly helps you. There are various rules and regulations in the different countries about these monies; some country has higher rate and some other has low. Filing Small Business and Tax Return is very important if you have your own company.
If you are going to file it first time, you should take the help of tax advisor and professional accountant such that you could pay the exact amount, as you have to give. These professionals are expert in this field and can suggest you the best way to file it without any problem.
They can handle all the paper work in efficient and effective way and make you free of this hectic work. He will also suggest you how to reduce your amount, you can do it by attaching bank statement and adopting many other things to cut your total. Small Business and Tax Return makes a major contribution on the GDP of any country so be good and pay it.
Small business includes family business and the turnover not exceeding over a particular amount as decided by the government.
If you are unable to pay these taxes at time then you can take an extension by the government that ranges from one month to six months. These special facility benefits you to manage your all the paper work and to choose the perfect way to reduce the amount paid during these period.