• SOURCE: The Hartford

Big Ideas for Small Business



Audio Package, .mp3
ANCHOR LEAD: According to a new poll from The Hartford, when it comes to tax season the top concerns for small business owners are the amount of money they'll owe and the complexity of tax legislation. And with new tax laws being implemented in 2014, they may have good reason to be concerned. Brian Osuch has the details (:59) SCRIPT: Newsbreak, I'm Brian Osuch. Tax season has officially begun and Barbara Weltman, publisher of "Big Ideas for Small Business" and spokesperson for The Hartford, says small business owners have some concerns this time of year. CUT: (Weltman) According to The Hartford Small Business Pulse Survey nearly one third lists as their top concern just having enough money to pay the taxes when they come due. It's a matter of cash flow. But there are other concerns: Keeping records, and missing out on tax opportunities. SCRIPT: Weltman has some good advice to help small business owners reduce their stress. CUT: (Weltman) You can maximize your exemptions and deductions by knowing which tax breaks apply to you. Look at possible elections you can use to reduce your taxes, don't forget about carryovers or unused deductions and credits from prior years, and remember to fund your qualified retirement plan. SCRIPT: For more, visit thehartford.com/businessplaybook. That's Newsbreak from The Hartford.
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