Many solo practitioners -- particularly startups -- know more about their business than they know about running a business. Graphic designing, hairstyling or spaghetti-making expertise doesn't necessarily carry over to business acumen.
Consequently, many new entrepreneurs have an out-of-sight-out-of-mind attitude about taxes. That's a mistake. Planning for taxes, understanding your liabilities and taking advantage of legitimate deductions is as important to your business as plying your trade. Read on for an overview of the tax matters that every startup needs to understand.
Why Plan Your Taxes?
Your Friend The Schedule C
Quarterly Estimated Taxes
Home Office Deduction
Common Deductions
Do It Yourself Taxes?
The Importance Of Record Keeping
Other Taxes and IRS Tidbits
Resources
Read more about Tax Strategies in these books: Minding Her Own Business More Info
More Info
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