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Fie On Filing


Enterprise -- In Box

FIE ON FILING

If you haven't filed your taxes yet, you're not alone--just in the minority. Some 14% of 303 small-business owners polled recently said they usually get extensions, and 7% don't start until a week before Apr. 15. Some of them may be the same ones who keep receipts in the proverbial shoebox (15%). Most business owners are more organized, though. Roughly half start preparing three months ahead, and 25% allow at least a month. Three-quarters file receipts and use accountants. Only 10% use tax preparation software; 4% dump the job on a spouse.EDITED BY EDITH UPDIKEReturn to top

TABLE

Guest Check

What's the biggest fear at tax time for small businesses?

TIME, HASSLE, PAPERWORK 43%

THE TAX BILL 27

POSSIBLE AUDIT 14

POSSIBLE FINES & PENALTIES 9

COST OF ACCOUNTANTS 7

DATA: AMERICAN EXPRESS CO.

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