Managing Tax »
Small Business Employee Tax Issues
Hiring employees creates a number of tax issues for small business owners. Staying on top of the tax withholding and reporting requirements for businesses is key to avoiding potentially expensive problems with the IRS
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Top 10 Tax Tips for Small Businesses
For small business owners, there are a variety of state and federal tax exemptions and deductions that you can take advantage of to lower your yearly tax bill. Also, your business tax exemptions and
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Small Businesses and State Income Tax
In addition to paying federal income tax, your business will also likely have to pay state income taxes. The type of state income tax your business pays varies according to the legal structure of
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Popular Small Business Tax Write-Offs
Running a small business can cost a lot of money – supplies, a storefront, equipment, transportation and other expenses represent a substantial investment on your part. The government recognizes this, and allows small businesses
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Sales Taxes and Small Business
As a small business owner, you’re obligated to pay local and state sales taxes on the goods and services you sell to your customers. Not paying your sales taxes can result in civil and
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Payroll Taxes and Small Business
Withholding payroll taxes is a duty employers are tasked with by the federal government. Getting it wrong can result in some tough penalties by the IRS and can cause hardship for your employees as
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Top 10 Small Business Tax Mistakes
Not understanding how your small business’ taxes are calculated and collected can cause you a lot of trouble, especially if your are delinquent in paying taxes and owe the IRS or state revenue agencies
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Getting Your Business Registered: FEIN and FBN
When starting a small business, you may need to register for a Federal Employer Identification Number and register your fictitious business name with state and local government. Getting your business appropriately registered can help you
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Using The Home Business Deduction
Home-based business owners can take advantage of a tax deduction that allows them to deduct a portion of their rent and utilities bills from their income taxes, understanding the requirements for the deduction is
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Small Business and Local Income Taxes
While most small businesses must pay state and federal income taxes, in some municipalities, they may also have to pay local income taxes too. More than 2,000 local governments impose some sort of income,
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