Small Businesses

Small Businesses: Encourage Workers to Do a Paycheck Checkup
 

Small Businesses: Encourage Workers to Do a Paycheck Checkup

Posted: May 10, 2019
The IRS reminds small businesses that 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. The agency also urges employers to encourage their employees to check their withholding using the IRS Withholding Calculator.

Tax Reform and Your 2018 Tax Return
 

Tax Reform and Your 2018 Tax Return

Posted: January 17, 2019
Do you know where things stand with your 2018 taxes? For many taxpayers, the first time they will see the overall impact of some significant provisions of the Tax Cuts and Jobs Act will be in their 2018 tax return. Do you know how the new laws will affect your tax situation?


5 Pitfalls New Business Owners Should Avoid
 

5 Pitfalls New Business Owners Should Avoid

Posted: September 28, 2016
Launching and sustaining a successful new venture can be daunting, but there are ways to avoid common challenges that many startups face. We highlight smart ways to avoid common mistakes made by new business owners.

5 Tips for Starting a Business
 

5 Tips for Starting a Business

Posted: August 15, 2016
Understanding your tax obligation is one key to business success. When you start a business, you need to know about income taxes, payroll taxes and much more. Here are five IRS tax tips that can help you get your business off to a good start.