99% of Small Businesses 0verpay the IRS

It is estimated that 99% of all small businesses overpay the IRS simply because of poor record keeping. Sagefire.com offers a simple, intuitive system, and it is not to late to capture 2005 tax information.

(PRWEB) March 18, 2006 -- If tax year 2005 is like others, 99% of all small business owners – in excess of twenty million – will overpay the IRS. Congress authorized business deductions for small businesses to help them, yet only 1% of those businesses take advantage of them. Why would only 1% claim the deductions due them? Missed deductions, sloppy record keeping, and underreported mileage top the list of reasons why the small business person unwittingly gives Uncle Sam a portion of his income every year. SageFire.com and KeepMore.Net, Web-based management tools powered by SageFire technology, give business owners the tools to keep track of their deductions, and manage their businesses more effectively so that they can keep more of what they earn, and not give it up to the IRS.

JP O'Brien, president of SageFire, says users who subscribe to this Web-based software program can input sales and expenses into their own, easy to use, Web-based account, where it is continually backed-up. The ‘Guide Me’ feature helps subscribers determine which expense items are deductible, and where the IRS expects them recorded. SageFire.com and KeepMore.Net subscribers are only a click away from running reports like Balance Sheets, Invoice Aging, Auto Expenses, and Schedule Cs.

Because it is so simple, H&R Block uses SageFire's technology to supervise many of their small business clients. Small businesses can save thousands of dollars each year, and it still is not too late to subscribe and input 2005 tax information before the ink on your receipts fades away. Check out the demo at www.KeepMore.Net.

According to O'Brien, "Subscribers don't have to be accountants; they just enter the data and print reports to see where they need to focus attention. Taxpayers need every advantage to save hard earned dollars and KeepMore.Net helps them do it.”

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