The IRS has a very nice video/audio section for Small Business issues.
I realize that many small business owners do not like to consider the tax side of their business. This is a bad idea. Eventually you will have to pay attention even if only once a year when you file your tax returns.
You can watch each video as many times as you want until the tax ramifications become clear. Then you will have a better basis from which to discuss your unique situation with your tax adviser.
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Glenna Mae Hendricks. She is an entrepreneur and income tax consultant, so we get lots of good tax tips from her. She is an oenophile (“look that up in your Funk and Wagnall’s,” she says), and a wine enjoyment teacher/guide who also writes wine notes at the Allen’s Retail Liquors site. Her political thoughts (and occasional outbursts of domesticity) appear at Old Feminist and Wild-eyed Liberal.
