Your Small Business Resource
This article was last edited on 12/20/2019. For updated information on small business income tax forms, visit https://www.irs.gov/businesses. Federal income tax is a pay-as-you-go tax, so you’ll need to pay it as you earn income throughout the year. As an...
If you plan to hire employees, you’ll need to obtain an Employer Identification Number (EIN). The IRS requires most businesses have one to identify each employer’s tax account. Keep reading to learn how to...
When you hire a new employee, they’ll have to fill out a W-4, Employee’s Withholding Allowance Certificate. It’s important for you to understand a W-4 to answer any questions your employees may have. The...
This article was last edited on 1/9/2020. For updated information on Form 940, visit https://www.irs.gov/forms-pubs/about-form-940. The Federal Unemployment Tax Act (FUTA) tax and state unemployment taxes provide funds for unemployment compensation paid to workers...
When you’re first starting your business, every penny counts, so you definitely don’t want to overpay your taxes. It’s easy to overpay your taxes by not taking advantage of tax deductions available to small...
This article was last edited on 11/20/2019. For updated information on employment taxes, visit Understanding Employment Taxes. When you start hiring employees for your small business, it’s important to understand your employment tax obligations....