7 Tax Tips Your Startup Should Consider Before 2013

As the looming fiscal cliff dominates the post-election news cycle, its hard to know what tax and financial moves make sense this time of year. Pundits are talking in circles, and experts dont possess a crystal ball. In this environment, its understandable that startups and self-employed professionals are confused about the next steps.

However, when it comes to tax planning, paralysis isnt an option. Here are seven tax-saving ideas to consider before the calendar flips to 2013. Of course, these tips represent general advice you should always consult with a tax planner/CPA for insight into your own personal situation.

1. Assess Your Profitability

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