Top 7 Tips for Taxpayers Starting a New Business

by Camron Hoorfar

Anyone starting a new business this summer should be aware of their federal tax responsibilities. Here are the top seven things the IRS wants you to know if you plan on opening a new business this year.

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http://www.examiner.com/x-12765-Kansas-City-Business-Taxation-Examiner~y2009m7d10-Top-Seven-Tips-for-Taxpayers-Starting-a-New-Business

S Corp Eligibility - Advantages and Disadvantages

For many corporations, the most important tax decision hinges on whether or not to elect to be treated under the provisions of sub-chapter S of the Internal Revenue Code. The choice concerning S-Corporations (S-Corp. status is often a complex one that is fraught with significant tax implications. As with many tax decisions, there are both potential advantages and disadvantages in choosing to be treated as an S-Corp.

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http://www.morebusiness.com/running_your_business/taxtalk/scorp.brc