Taxes are rarely the first thing an entrepreneur thinks about – which is why tax and accounting advisors should. With that in mind, the IRS put together a short list of tax-related considerations for start-up businesses that experts can share with clients. (The service also offers plenty of information for entrepreneurs and their advisors at the Small Business and Self-Employed Tax Center.) View the list here!
NEW YORK (AP) — Jessica Sayles is thinking about who might take over for her when she retires at age 55 from the accounting firm where she is managing partner — even though that’s still 21 years away. “I feel that a good portion of my job is to find my successor,” says Sayles, who hopes to teach a younger associate to manage Las Vegas-based Houldsworth, Russo & Co. Succession planning should be a priority for small business owners, since a company’s survival can depend on it.