The key to managing the taxes of your business is to be informed. Whether you have an accountant who handles your taxes, or you take care of them yourself, it is good practice to be aware of how taxation applies specifically to your business.
You should be able to answer the following questions:
- What do you owe and when?
- How do you keep accurate records of your payments and finances?
- How do you make and report payments?
- Do you qualify for tax credits or money back?
This section explores the many forms of taxation that you may encounter in your business.