It's That Taxing Time Again

With some small businesses required to file by Mar. 15, it pays to start work now. So read the following tips -- then get going!

To most small-business owners, Apr. 15 seems like a long way off. But as the tax-reporting documents arriving in our mailboxes from banks and clients attest, tax season is indeed upon us. Now's the time for entrepreneurs to begin collecting statements, sorting through paper receipts, and making smart decisions about 2005 tax filings, says Keith Hall, a Dallas CPA who acts as the national tax adviser for the National Association for the Self-Employed. Hall recently shared his list of tax-prep tips with Smart Answers columnist Karen E. Klein.

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