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How Should Business Owners Prepare for Next Tax Season?

The average person may not have to think about taxes up until the tax deadline, but that is not true for business owners.

Here are some keys to a successful season:

-Separate personal and business deductions with separate bank accounts (Learn more)

-Know what entity your business should file as

-Review business entities to know if there is a better one for your business

What is the Easiest Way to Avoid Mistakes?

Hire a tax preparer and a bookkeeper. Or, even better, hire a firm that does both, like Andrews Tax Accounting!

Learn more about preparing for tax season in Bert Seither’s article!