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3 Things You Need to Know to Do Taxes as a Small Business Taxes can get pretty confusing, particularly if you are a new small business owner. Keeping tabs on new laws related to firms taxes – on top of all the tasks required to keep your business running – may start to feel overwhelming. However, with business tax planning, your small business taxes don’t have to be a slog. Here are three key components of knowledge you require to successfully file your taxes as a small business owner. How to Organize Your Business and Which Forms to File When to Pay Your Business Taxes and How Much to Pay What Records You Need to Keep to Claim Deductions as a small business owner.