IRS celebrates Small Business Week
Below you will find business-related tax information in recognition of this week’s National Small Business Week campaign, sponsored annually by the Small Business Administration and in partnership with the IRS.
The IRS has many online resources to help small business owners and self-employed individuals handle the tax aspects of their business.
Starting May 13 an important change will affect the way the IRS issues employer identification numbers, or EINs.
Business owners and those who are self-employed can avoid a surprise tax bill by making estimated tax payments during the year.
In some cases, tax reform changes that impact depreciation and expensing allow small business owners to write off the cost of certain property more quickly.
Recent tax reform legislation lowered the backup withholding tax rate to 24 percent and the withholding rate that usually applies to bonuses and other supplemental wages to 22 percent. Using the IRS Withholding Calculator can help employees figure their correct withholding amount.
If you are looking for a job in the same line of work, you may be able to deduct some of your job search costs. Here are some key tax facts you should know about when searching for a new job: Same Occupation. Your expenses must be for a job search in your current line […]