High unemployment has fueled a flood of entrepreneurs
who are attempting to start their own businesses,
according to this article. The newly minted business
owners, however, are quickly learning that the
potential for tax problems is big. Brenda Schafer, a
CPA and CFP at the Tax Institute at H&R Block, says
the maintenance of separate books, bank accounts,
records and different credit cards is extremely
important for owners. TIME (10/14)