8 Tax Issues All New Business Owners Should be Aware of

A new business owner, named Brittaney reached out to and asked what should a new business owner be concerned about, regarding taxes.

I shared some of my experience in the tax and accounting field when dealing with new business startups with Brittney.

Below are some of the biggest issues facing new business owners.

1. Research your industry

2. Obtain all the business licensing and Business permits needed for your area.
3.) Track your revenue and expenses
4.) Pay Estimated Taxes
5.) Hire an Accountant
6.) Pay Sales Tax( If it applies to your business
7.) Develop a relationship with a Banker
8.) Select your entity properly

source