• Consult a tax advisor, even if you are a start-up. A professional can save you both money and valuable time and keep you from running afoul of the Internal Revenue Service.

• Pay estimated federal and state taxes four times a year. Your tax advisor can help you determine how much to set aside ahead of time for each payment.

• Keep good records of both income and expenses. Save all receipts.

• Ask your tax advisor about special deductions you can take as a small-business owner—such as allowances for health insurance, long-term care insurance, or self-employment tax.

• Schedule a “tax tune-up” at least once a year. Update your tax advisor on your situation and your goals and get his or her advice on planning your tax strategy for the coming year.

Brought to you by SCORE, America's small business mentors, at www.score.org.