Overview of what the IRS looks for when conducting business audits
Although most people do not like paying taxes, they are a fact of life and everyone has to pay their share. Luckily, there is a way to reduce the taxes that your business owes by deducting business expenses . This article provides a list of some of t...
Business taxes can be quite complicated for new business owners and seasoned entrepreneurs alike, so it makes sense to learn the basics of business taxes before you file. And since small businesses often are given incentives in the form of tax credit...
Whether you have to pay sales tax on Internet purchases is a common question in a world where consumers buy everything from clothes to food to cars online. Some people view the Internet as the prime place to start selling items that are free from sal...
Worksheet to determine whether you need a federal tax ID number.
Answers to frequently asked questions about obtaining an Employer Identification Number (EIN)
Now that you've started your business , which has grown faster than you expected, you're beginning to realize you can't run it all yourself. To put it simply, you need employees. While it can help you alleviate some of your responsibilities, hiring e...
The Internal Revenue Service (IRS) has many different types of taxes, much to the dismay of taxpayers. Excise taxes may not be as well known as other taxes because they are known as an indirect tax, one that's taxed on an intermediary and often inclu...
Overview of income tax, employment taxes and other federal tax obligations for small businesses
When you own your own business, you have the ability to take a vacation without having to get it approved and come into work and leave pretty much whenever you want. However, being a small business owner also comes with a lot of responsibilities to c...
