Taxes and Other Legal Issues

The tax man cometh -- are you prepared? Make sure you're meeting all your tax requirements and taking advantage of every opportunity to reduce your taxes. Check with your accountant to see if you're taking the maximum number of allowable deductions. If you have employees, confirm that you're meeting the withholding requirements. As an entrepreneur or home-based businessperson you must keep up with the estimated tax bills to avoid generating cash flow problems and IRS penalties. Do you need to pay sales taxes? Get good advice -- and hold on to tax documents for at least seven years.