Successful small-business owners know their industry, their clients, and their market, but chances are they don’t know taxes. They count on their CPA to help guide them with good tax strategy and savvy business planning. Here is a list of issues small-business owners should talk with their CPAs about so they can get the best advice to meet their business needs and avoid costly mistakes.

• The ABCs of ACA Compliance
• Tax Considerations when Starting a Small Business
• Do You Need a CPA?
• Tax Deductions for Small-Business Owners
• Small-Business Owners Beware: Not Reporting Income to Vendors Can be Costly

CPAs also field many questions from business owners through the PICPA’s online Ask a CPA service. Here’s a sample of concerns other business owners have shared.

• Is the cost of a company car, including the balance of a personal trade in, a capital or an operating lease?
• Can I fund my degree directly from the small business I own?
• Do meal receipts need to be collected for reimbursement purposes?
• Do quarterly estimated taxes need only to match the previous year’s owed taxes?
• As a small-business owner, when should I get a W-9?
• Understanding a Simplified Home Office Deduction

In addition to the federal tax issues, Pennsylvania’s business tax structure provides some additional challenges. PICPA members work regularly with the Pennsylvania Department of Revenue to clarify local tax issues. While these summaries may be a bit more complicated for the average small-business owner, they may raise some issues you will want to discuss with your CPA. An easy-to-read Guide to Business Privilege and Mercantile Taxes may also be of help.

CPAs know more than taxes, and a smart small-business owner will turn to their CPA for additional advice throughout the year. Here are some helpful brochures on what you can expect from your CPA and the professional standards that affect the CPA-client relationship.

• Secure from Within: Prevent Fraud at Your Small Business
• Understanding Compilations
• Securing Your Business Financing
• What Information Your CPA Can Share about You
• Protecting Your Investments from Fraud
• Do You Have What It Takes to Make the Entrepreneurial Leap?
• Seven Questions You Should Ask Before Choosing a CPA

You can also find more tips in the small-business center. Whether you are just starting a business or continuing a family tradition of success, your CPA should be a valuable member of your success team.