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SMALL BUSINESSES ENCOURAGED TO START PREPARING FOR UPCOMING TAX SEASON

Business • January 25, 2022

WASHINGTON, D.C. (January 24, 2022) – With the opening of the tax season on January 24, Keith Hall, president and CEO of the National Association for the Self-Employed (NASE), the nation’s leading advocate and resource for the self-employed and micro-business community, offered the following advice for the American public and the nation’s small business community in filing this year’s tax returns on time:

“With delays expected in processing this year’s tax returns, including any potential refunds, the number one thing the American public and small businesses can do is prepare now,” Hall said. “As (January 24) is the official start date of the tax season, tax returns are now being accepted by the Internal Revenue Service to prevent any potential delays. Given the previous announcements about potential delays, it’s even more important this year for small business owners to start early with gathering documents, reviewing updates and tax obligations.

“Recent changes to the tax code are continuing to be made and those updates could likely have an impact on a lot of tax filers’ bottom-line budgets. Being prepared will help ensure your return is filed on time and without delay.”

The tax filing date this year is Monday, April 18, 2022.

“Remember, you are not alone and there are resources out there for help, including NASE.orgIRS.gov and SBA.gov, where information and assistance are readily available. If possible, you should file your 2021 tax return as soon as you can so there is not any more delay in receiving any refunds,” concluded Hall.