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5 Small-Business Tax Tips For Beginners


Published on 2025-05-15 09:00:51 - Forbes
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  • Take full advantage of the tax code and set yourself up for success with these five small-business tax tips for beginners.

The article from Forbes Finance Council, published on May 15, 2025, titled "5 Small Business Tax Tips For Beginners," provides essential tax advice for new entrepreneurs. It emphasizes the importance of understanding and separating business and personal expenses to maximize deductions, keeping meticulous records to support these deductions, and considering the benefits of hiring a tax professional to navigate complex tax laws. The article also advises new business owners to stay informed about quarterly estimated tax payments to avoid penalties and to explore available tax credits, such as the Small Business Health Care Tax Credit, which can significantly reduce their tax liability. By following these tips, beginners can better manage their tax obligations and potentially save money.

Read the Full Forbes Article at:
[ https://www.forbes.com/councils/forbesfinancecouncil/2025/05/15/5-small-business-tax-tips-for-beginners/ ]