Did you know that when you start up your business, you’ll have some complex questions to answer at tax time? For example, what tax year are you going to follow? You don’t necessarily have to go from Jan 1 to Jan 1 so you have to figure out what would be best for your company. Have you considered what kind of company you are going to be? Usually small business choose between LLC and S corporation but exactly what are the benefits of choosing LLC vs S corporation status? Unless you have an accounting degree, I highly recommend talking to a tax professional long before the tax season begins so that you can have these questions settled early and can adjust your business so that you are not hindered by whatever you choose when the end of the tax year comes.