Do you own a business? Running a company includes following complex rules for compliance and legality. You don't want to be caught with messy financials and a good system in place, you could face serious issues.

Whether tax season is around the corner or still months away, make sure you read these five things to help successfully navigate small business tax requirements.

Hire an Experienced Accountant

Experience and professional knowledge can't be understated in something like business finances. Even if you are a small company, consider hiring an accountant to help you look over your numbers, help determine any tax breaks, and help establish tax planning strategies.

Keep Organized Records and Receipts

According to the IRS, small businesses and self-employed professionals can keep any form of records as long as they clearly show their income and expenses. This should include invoices, cash register tapes, deposit information, canceled checks, credit card receipts, account statements, travel expenses, asset values, employee wages, etc.

It's also important to keep these documents organized and in books or boxes by the year. Adding documentation as soon as you incur an expense or bring in new revenue can help you keep track of all the documentation.

Don't Combine Personal Expenses

It's in your best interest to keep your business and personal accounts clearly distinct. Mixing your business accounts and personal finances can be a recipe for disaster. It's difficult to keep tax documents and cash flow straight if you confuse personal and business funds.

Keep Up With Tax Dates and Deadlines

Getting behind on taxes can snowball quickly, making it difficult to recover. It's important to understand the dates and critical deadlines for filing your business taxes. The IRS offers an online tax calendar for small businesses and the self-employed. Using this tool, you can be more aware of those dates and help get your business in a healthy space.