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Navigating Roadblocks

Get a firm grasp on your business taxes to avoid complications.

Here's a happy thought: The more money your new business makes, the more income tax you will have to pay. And that's just the beginning. You get to be your own boss, but you also turn into a tax collector for sales tax on your retail products and payroll taxes from your employees' wages.

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This article was originally published in the December 1996 print edition of Entrepreneur with the headline: Navigating Roadblocks.

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