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How Should I Prepare to Pay Taxes on Home-Based Biz Income?

I'm starting a home-based business, and I don't want to get caught with my pants down during next year's tax season. What steps should I take to prepare myself for paying taxes on this business income...

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For a new business, what is the easiest (and possibly cheapest) way to manage my finances so that I'll have a neat little record to hand my CPA during tax season?

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