NEW YORK (AP) — Small businesses that have been buffeted by the pandemic, inflation and shipping woes have another challenge to add to their plate: taxes.
Tax season can be complicated for everyone, but as the April 18 filing deadline looms, small business owners, contractors, entrepreneurs and others face even more rules and regulations that are ever-changing.
The Internal Revenue Service has announced a backlog and warned that more delays are to be expected.
The IRS said earlier this month it was hiring 10,000 workers to deal with a backlog of 23 million items triggered by limiting operations during the coronavirus pandemic.
But with understaffing at both the federal and state government levels, CPAs have found it difficult to reach anyone if any problems or questions arise.