{"id":4630,"date":"2016-04-04T10:47:36","date_gmt":"2016-04-04T15:47:36","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/smallbusiness\/business-taxes\/start-up-tax-issues.html"},"modified":"2024-05-23T02:03:20","modified_gmt":"2024-05-23T07:03:20","slug":"start-up-tax-issues","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/smallbusiness\/business-taxes\/start-up-tax-issues.html","title":{"rendered":"Start-Up Tax Issues"},"content":{"rendered":"\n
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Start-Up Tax Issues<\/h1>\n
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Created by FindLaw’s team<\/a> of legal writers and editors<\/i><\/p>\n\n | Last updated\n

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It is vitally important to understand your tax obligations when starting a small business, including effective record-keeping and deductions. FindLaw’s \u201cBusiness Start-Up Taxes\u201d section includes information and resources to help new entrepreneurs get up to speed on accounting practices, obtaining an employer identification number, business deductions, self-employment taxes, and related matters.<\/p>\r\n

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Federal Business Taxes: Introduction<\/h2>\r\n

A new business should be prepared for the kinds of taxes that they will be required to pay. There are four general kinds of federal taxes relating to business:<\/p>\r\n