Mississippi franchise tax board
Q.Can Mississippi franchise tax board help a small business owner during a downturn in the economy?

A Mississippi franchise tax board can help a business owner during a downturn in the economy by spreading out tax payments over a period of time. Tax payments are based on daily revenue, and collected by the business owner. This money is technically the cities, and not for use by the business owner. Tax collections are due the following month, but a business owner may elect to contact the Mississippi franchise tax board to ask for an extension. This is usually granted for fourteen days, however penalties can accrue. A WSI business consultant can work with franchise owners on a plan to keep tax payments current so they won’t have this problem.

- Elizabeth Miranda



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