There are a lot of things to manage when you are running your own business. It is almost impossible to have a good grasp of every single aspect. Tax is one such thing that every business owner has to deal with. Here are some of the most commonly asked tax questions for business owners.

Bookkeeping is the process of recording data relating to financial transactions in the accounting books of a business. A good bookkeeping system can help you keep accurate records for a range of purposes including analyzing business activities, attracting investors, lodging and paying taxes.