Taxes are everywhere. As a business owner, you must learn
about taxes and how to minimize them. Unless you plan right, Uncle Sam can
become in effect your "partner," taking a large percentage of your
profits. You need to know if being an S-corporation will be right for you, or
whether an LLC would provide better tax savings both now and later. You need to
apply for tax identification numbers. Federal and state tax requirements will be
applicable. You will need to accurately calculate and pay your payroll taxes.
Many business owners soon find that a knowledgeable tax preparer and a payroll
service can provide welcome relief from complex paperwork as well as enabling
the business person to avoid penalties.