When most people think of an accountant, they picture someone who files taxes once a year and disappears until next April. But if that’s the only role your accountant is playing, you’re missing out on one of the most valuable resources your business could have.

A skilled accountant is not just a tax preparer—they’re a strategic partner who can help your business grow, reduce waste, improve margins, and avoid costly mistakes.

Starting a new business is exciting—but when tax season rolls around, reality sets in. Suddenly, you’re not just filing a personal return. You’re navigating income types, expenses, entity choices, and possibly even self-employment taxes. If you're a first-time business owner, knowing the basics can save you time, money, and stress.

Here’s what every new business owner should know about taxes—and how to stay ahead from day one.

Whether you’re filing for the first time or you’ve been doing it for years, taxes can feel confusing, overwhelming, or downright frustrating. But understanding the basics of how taxes work—and what your responsibilities are—can make a big difference in how confident and prepared you feel each year. This post breaks down what individual taxes are, why we pay them, and what you need to know to stay compliant and make the most of your situation.