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This tax stuff isn't easy. Get to know a good tax professional for your business. Don't assume the guy who's always done your 1040 is right for your business. Ask around, starting with your banker and your lawyer. They may know somebody who is the right fit for your business.
Next: Additional Resources on Taxes
While the Tax Update takes its summer vacation, we are serializing my chapter in "How Business Gets Done: Words of Wisdom by Central Iowa Experts." You can buy your own copy at Lulu.com by clicking on the link.
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The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to