5 Things I wish I Knew about Taxes When I Started My Business

Small businesses are the heartbeat of America and the world at large. In the U.S. alone, there are over 30 million small businesses, of which over 20 million are sole proprietors. Tax season is upon us and as it draws to a close, let’s outline some things to keep in mind moving forward.

Keep this in mind: businesses are started by people. Individuals start businesses and grow them into corporations that others depend on for their livelihood, whether as employees, consumers or ancillary support. Still, most businesses are…