Online Tax Center Offers Tools and Resources for Small Businesses and Self-Employed

by | Business Law

If you are inquiring about your small business or are self-employed, the IRS’s Small Business and Self-Employed Tax Center website provides insightful information and tools to help educate you. The website can be found here.

The information provided on this site offers a wide range of resources and tips for those who are self-employed or small business owners. Itemized in this information are resources such as:

  • Small business forms and publications
  • Online applications for an Employer Identification Number
  • Employment tax information- federal income tax, Social Security and Medicare taxes, FUTA and self-employment tax
  • Tax-related news that could affect your business
  • Small business educational events
  • IRS videos for small businesses
  • A-Z Index for Business, a fast way to find information

Included on this site is imperative information on all stages of federal taxes involved in owning a business, regardless if you are starting, operating, or closing a business.

Additional information available on the IRS’S website includes:

The IRS Video Portal

The video portal provides video and audio presentations on various tax topics. These video presentations include archived live panel discussions and audio from national forums. Other video clips and webinars are also included.

IRS Audits Video Series

This series takes you through a number of scenarios that examine all stages and types of audit, correspondence, office, and field. It provides insight from notification to closing of audits through the “Your Guide to an IRS Audit” video. These scenarios illuminate areas that are common in audits of small businesses.

Virtual Small Business Tax Workshop

The Virtual Small Business Tax Workshop provides nine lone-standing lessons explaining federal tax rights and responsibilities to small business owners. These nine lessons can be chosen in any sequence and seen at your convenience and available 24 hours a day, seven days a week from any computer. This workshop is also available on a CD and can be ordered.

Tax Calendar for Small Business Taxpayers

The 12-month calendar for Small Businesses and Self-Employed-Publication 1518 is comprised of information on general business taxes, IRS and Social Security Administration customer assistance, electronic filing and payment options, retirement plans, business publications and forms, and common tax filing dates. Every page emphasizes different tax issues, providing tips that may be pertinent to small business owners. Along with tips, the calendar leaves space for notes, appointments, or state tax dates. Additionally, the tax events are available for download into your calendar or you can subscribe to the tax calendar events. To retain the calendar, you can view it online or print it as a PDF file. The calendar is an excellent resource to keep small business owners on task with their tax obligations, whether your business is emerging or well-established.