If you’re getting money back this tax season, you may want to splurge. But spending that tax return wisely can be a great opportunity to grow your business.
Less certain than the specter of death and taxes is whether you’ll get money back from Uncle Sam. But for the small-business owners who do get a few thousand back after tax day, the sudden windfall can be great news. To make the most out of that extra cash, you need to do a fair bit of planning, claims Amy Vetter, CPA and global vice president at Xero, which offers cloud-based accounting and bookkeeping services.