Today is Tax Day. And if you have a home business, you probably owe taxes. You can reduce your taxes by switching from a sole proprietorship to an LLC or an S-Corp.

Another thing you can do to make paying your taxes less onerous is to pay quarterly. You can find payment coupons at www.irs.gov that allow you to make quarterly payments. Not only does this make paying your taxes more manageable, but it is also required.

If you plan to save up all year, and earn interest, the IRS expects you to pay interest on your "late" payments for earlier quarters.