Turns out the experts aren't even the experts on this year's tax law. We spent time on the phone with the IRS on 12/30/10, and we can tell you that front line IRS agents do not know how this law affects your or them even.

To that end, most of these links are to the Internal Revenue Service's web site. These links are their latest information on what you need to know.

Finally, you are now probably required to pay all your taxes electronically. In other years, you may have been able to deposit using coupon 8109. This is no longer possible. You'll find a link here to EFTPS if you need to set up an electronic account.

Government Links - these links cover many of the changes that affect small business owners in 2011. While not exhasutive, it will give you a start to be in compliance.

• EFTPS info (get an EFTPS acct)
• Jobs Act Info (All about how you benefit)
• Small Business Health Care Tax Credit- You may have some deductions for supplying health care
• Flexible Spending Account Changes- Users may get fewer benefits from their Flex account
• Coverage for "Children" under 27- Insurance companies must now offer coverage
• Potential Requirement to Report Health Insurance Value on W2 - Health insurance still not taxable, but new W2 will depict to employee how much the employer pays for health insurance. Optional reporting on 2011 W2.
• HIRE ACT details are explained here.
• FUTA tax changes in 2011 FUTA tax decreases to 6.0% in June
• FICA Changes for Employees There is a reduction to Social Security Tax for Employee share to 4.2%. Employer matching remains at 6.2%. Be sure your tax tables are updated.
• COBRA Premium Assistance Extended The COBRA premium assistance was extended for 15 more months.
• Filers of Tax Returns must be approved by the IRS The only exception to this is if you file your own return.