1995 sees us starting a new marketing campaign and developing some new products. We will be reducing manufacturing costs to get our margins where they need to be. We still are working on a new banking relationship. With the hoopla still occurring over the beginning of the 104th congress and all the wonderful things they promise to do for the country, I wonder if some good will be done for the small manufacturers in this country. A start would be to simplify the tax codes and reporting requirements.
Penalties are very severe.
If the IRS spent the same energy to coach and help new companies as they did computing penalties and sending letters, they would end up with more net revenue. One of the problems of being undercapitalized is the lack of funds to pay for professional help when it is needed. Get professional help as soon as it is affordable. I've found that if your accountant believes in what you are doing, he may be willing to be paid last. Give tax breaks to job creators.