In this economy many people are realizing the benefits of being your own boss.  I can attest to the fact that owning your own business is awesome, no worries of getting laid off, the flexibility to get your work done whenever you can, and the pride you feel in watching the business grow from your hard work. Owning your own business also affords you many excellent tax breaks that employees can not take advantage of.  But if you are not careful, your own business can open a door to many tax and IRS issues.  I am attaching a link to the Small Business Administration on steps to start your business correctly.  Please take a look.  I would be happy to discuss any one or all of the steps with you.  I have been through them myself as well as advised quite a few clients and friends through the process.

http://www.sba.gov/content/follow-these-steps-starting-business

Kevin Murray

413-569-8829 or kevin.murray@murraytaxservices.com