Tax Tips for Small-Business Owners

Many small-business owners find income tax season the most chaotic and aggravating time of the year. With a year’s worth of receipts and bank statements to organize, getting prepared to pay off the government can be an overwhelming task. Although the dreaded tax deadline is months away, making a few simple tax moves now can pay off in April.

Paying income taxes is such a convoluted process, that oftentimes small-business owners end up paying the government too much--and for small enterprises running on a tight budget, every dollar counts. To avoid overpaying and trim your tax bill, check out these five tax tips from Businessweek.com.