As a self-employed business owner your tax obligations fall directly on you. Being familiar with the taxes you may owe allows you to be prepared throughout the year. You are the party responsible for all taxes due. Are you prepared?
At the end of the day, or year, you may find that you’ve missed critical steps in the management of your small business that will have a negative financial impact if left unattended.
When you wait until tax time to think about your taxes, you’re too late.
Other than a retirement contribution, there is not much hope in reducing your taxes at tax time.
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