In business, as in life, one thing is certain. And that is taxes. No matter what size your business is, or what it specializes in, chances are you will be on the hook for taxes at reconciliation time. The best source for obtaining the specifics about business taxes and credits is directly from the source on taxes, the Internal Revenue Service.

On the official IRS website you will learn the most recent and up to date information concerning business taxes and tax law as it affects your small business. The Business.gov community is another great resource for blogs and news on business taxes as it becomes available to the general public. Recovery.gov is another resource for financial and tax information directly from the US Government.

All businesses must file for an annual income tax return and the federal income tax is a pay-as-you-go tax. Generally, as a business owner you have to pay taxes on income, including self-employment tax of estimated tax during the year. There is also a self-employment tax is a social security and Medicare tax for individuals who work for themselves.
There are several sites where you can find business taxes news. If you have the time, visit these site to keep abreast of the latest business tax news.

*http://www.sbtaxnews.com/ - As of Dec.9 2011, you will be able to read the news entitled "Fizzling Recovery Generates More Calls for Extending Payroll Tax Holiday" - President Obama went on record saying he supports an extension of the current payroll tax holiday.
"Bush Tax Cuts Once Again Come Back into Play in Deficit Talks", "GOP Presidential Hopefuls Weigh in on Small Business Taxes"
"GOP Presidential Hopefuls Weigh in on Small Business Taxes"

*http://www.tax-news.com/ - You will find the latest headlines here about business taxes. Some of these are: "China Issues Its First Foreign Trade White Paper", German Cabinet Unites on Tax Cut Bill; "Singapore Hikes Property Taxes
**You can read more tax news if you visit the sources above.