If you're new to owning a small business, you might not fully understand how your daily operations affect your tax liability. In order to avoid finding yourself with a shocking tax bill at the end of the year, it's in your best interest to optimize your deductions and tax credits. Working with a business tax professional is a great place to start, but it's equally important that you understand what your options are beforehand.
If you're a resident of Alabama who occasionally takes advantage of a payday loan to help get you through a cash crunch, you're not alone -- more than 46,000 payday loans are taken out each week in the Yellowhammer State. While these loans can be invaluable in helping bridge the gap between paychecks or assisting you in maintaining utility service during a period of unemployment, pending legislation could significantly affect the way these loans operate.