Back Taxes: Here's What You Need to Know

CPA Jonathan Medows on why now is a uniquely good time for small-business owners to address their tax problems Sales taxes, payroll taxes, quarterly estimated tax payments: There are so many different types of taxes that it's no wonder many small-business owners run into tax trouble. But with states strapped for cash, this may be the ideal time for tax-plagued entrepreneurs to face up, 'fess up, and pay up, says Jonathan Medows, a Manhattan-based CPA. Medows spoke recently with Smart Answers columnist Karen E. Klein. Edited excerpts of their conversation follow. Read the rest of the Business Week article