WHAT YOU NEED TO KNOW ABOUT STARTING A SMALL BUSINESS
As a new business owner, you need to know your federal tax responsibilities. In addition to knowing about federal taxes, you need to make some basic business decisions. Understanding and complying with tax requirements is a necessary aspect of doing business.
Tax Help for Small Businesses and the Self-Employed
If you are starting or already have a small business and need information on taxes, help is available in the form of media products and services from the IRS.
The IRS Small Business and Self-Employed Community web site at www.IRS.gov/smallbiz provides extensive tax information and on-line tools and resources especially for small businesses. We offer an array of educational products that you can view or order on-line, at your convenience, night or day. Additionally, the website has an online classroom with video streaming of several of our multimedia educational products.
The IRS Small Business and Self-Employed One-Stop Resource can be found here.
Other helpful resources on the Internet:
Small Business Administration
Social Security Administration
U.S. Department of Labor
Department of Labor: Occupational Safety & Health Administration
U.S. Department of Treasury
U.S. Tax Court
Department of Agriculture - Office of Small & Disadvantaged Business Utilization
Department of Commerce
Department of Education
Environmental Protection Agency
U.S. Equal Employment Opportunity Commission
State and Local Contacts
FirstGov En Espanol
ADDITIONAL IRS RESOURCES & PUBLICATIONS
You can select and download multiple small business and self-employed forms and publications at IRS.gov or you can call 1-800-829-3676 to order forms and publications through the mail at no cost.
Publication 1066C, A Virtual Small Business Tax Workshop DVD is a new educational product that helps small business owners and the self-employed understand and meet their federal tax obligations. The workshop is subtitled in English, Spanish and Mandarin Chinese.
Publication 3207, 2006 Small Business Resource Guide CD-ROM is an interactive CD designed to help small business owners comply with the tax laws and includes business tax forms, instructions and publications. In addition to providing a wealth of tax-related information, the CD contains Web links to various government agencies, business associations and IRS organizations.
Publication 1518, 2006 Tax Calendar for Small Businesses and Self-Employed highlights different tax issues and tips and has space to add notes, state tax dates, or business appointments. Updated on-line versions are available on IRS.gov.
Publication 3693, Introduction to Federal Taxes for Small Businesses Self the Self-Employed CD-ROM course teaches the basics of how to comply with the IRS rules and regulations while starting and operating a small business. It is designed so small business owners; new self and slef-employed individuals can learn about business tax topics that apply to their own situation.
Pub 334 Tax Guide for Small Business
Pub 463 Travel, Entertainment, Gift, and Car Expenses
Pub 531 Reporting Tip Income
Pub 535 Business Expenses
Pub 583 Starting a Business and Keeping Records
Pub 587 Business Use of Your Home
Pub 946 How to Depreciate Property
Pub 1872 Tips on Tips: A Guide to Tip Income Reporting
Pub 3780 Tax Information for Small Construction Businesses
Pub 3995 Recognizing Illegal Tax Avoidance Schemes
Pub 4132 Pay Taxes On-line! "Easy As 1-2-3"
Pub 1779 Independent Contractor or Employee
Pub 4035 Home-Based Business Tax Avoidance Scheme
Form 1099 MISC Instructions
IRS WEB RESOURCES
Starting, Operating, or Closing a Business ~ Whether you are a budding entrepreneur, or an established business owner, you will find everything you need to start and manage your business venture. Find the article here.
Business Taxes ~ The form of business you operate determines what taxes you must pay and how you pay them. Find the article here.
Tax Information for Businesses ~ The IRS web site offers a wide variety of information to help you. Find the link here.
Checklist for Starting a Business ~ This checklist provides the basic steps you should follow to start a business. Find the article here.
Employer ID Number ~ An Employer Identification Number, also known as a Federal Tax Identification Number, is used to identify a business entity. Find the article here.
On-line Application Form SS-4 ~ Apply on-line for the Employer Subscribe Number.
Suscribe to e-News for Small Businesses ~ The Small Business/Self-Employed Division has a free electronic mail service designed to provide tax information for small business owners. Sign-up for the Small Business/Self-Employed mailing list and you will receive information about important upcoming tax dates, what's new on the IRS Web site, recently added tax forms and publications, IRS News Releases and special IRS announcements.