IRS Resources for Business

The IRS provides a great deal of useful information for businesses at various stages.  Resources below will get you started but there is no substitute for talking with a tax advisor or accountant that understands your particular business situation.

Overview

The IRS provides a great deal of useful information for businesses at various life-cycle stages.  Numerous resources are set forth below that will get you started but there is no substitute for talking with a tax advisor or accountant that understands your particular business situation.

  • Starting a Business  Links to basic Federal tax information for people who are starting a business.
  • Operating a Business Links to information relevant to operating the business such as recordkeeping requirements, business name changes, estimated taxes and the like.
  • Closing a BusinesLinks to information relative to closing or sale of a business.
  • Business Taxes The form of business you operate determines what taxes you must pay and how you pay them.

Getting Started

Employees

  • Businesses with Employees - Information about hiring, recordkeeping and other information for businesses with employees.
  • Independent Contractor or Employee - It is very important to determine how to treat payment for services.  It depends on the business relationship between the business and the the service provider.  The financial consequences of not classifying service providers correctly can be significant.
  • Employment Taxes for Small Business - If you have employees, you are responsible for Federal Income Tax withholding, Social Security and Medicare Taxes and Federal Unemployment Taxes.