Did you start your own business in 2021? Here’s what you need to know before filing your taxes

In 2021, amid the ongoing pandemic and “Great Resignation,” Americans filed a record 5.4 million applications for new businesses, according to data from the U.S. Census Bureau. That means a lot of new business owners are facing their first filing season. While many people can file their personal returns on their own, tax experts strongly advise that business owners seek professional help.

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