Jeffrey Berdahl, a certified public accountant with RLB Accountants in Allentown, Pa., says many business owners, concerned about spending money during the recession, have shied away from consulting an accountant during the course of the year. Then, at tax time, their unanswered questions turn into problems. For example, if an owner didn't ask a CPA for help in making decisions on big equipment purchases, the business could lose out on deductions designed to help small companies. The cost of a few hours with an accountant may be small in comparison to the amount the business ends up paying the government in taxes.
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The solution is to get to an accountant early. Before the end of the yea