Starting a Small Business and the Tax Implications You Can't Ignore

EPISODE · Dec 8, 2025 · 36 MIN

Starting a Small Business and the Tax Implications You Can't Ignore

from Behind the Numbers · host Cody Melton

This episode breaks down the tax and accounting essentials for new business owners, including entity selection, funding options, and common tax pitfalls like self-employment tax. Hosts Taylor Rhodes and Cody Melton explain practical steps—forming an LLC, S-corp elections, bookkeeping, separating business funds, and estimated taxes—to protect your business and save money. They also cover funding routes (SBA, HELOC, farm loans), the importance of professional advisors, and proactive tax planning to maximize opportunities and avoid surprises.

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Starting a Small Business and the Tax Implications You Can't Ignore

0:00 36:25

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