Small Business Taxes

The Latest

  • November 15, 2012

    With everyone talking about the fiscal cliff these days, it’s easy to worry we might all be jumping off of it. Thankfully, experts say there’s no need to unpack your parachutes just yet, but there may be some cause for concern if tax rates...

  • October 29, 2012

    Life insurance is an important part of a business. It may be used as a funding mechanism for your buy-sell agreement and as business interruption insurance to pay the business for interruptions caused by the death of key employees. Probably the...

  • March 17, 2011

    The IRS identifies businesses by their Employer Identification Number, or EIN. It’s also known as a Federal Tax Identification Number and the majority of businesses need one. Even sole-proprietors, who can file their taxes using their  personal...

  • March 17, 2011

    Filling out a tax payment plan for your business is much the same as filing for one as an individual. Basically, the IRS only cares how much you owe. For once, in the government's eyes, it doesn’t really matter if you’re a business or a person....

  • February 17, 2011
    If you own a business and are worried about tax season, you may want to file for an IRS tax extension. They can help set your mind at ease that you’ll have enough time to finish everything you need to...
  • January 13, 2011

    There are several different options when it comes to tax forms for your business. Most depend on your exact taxable profit and loss. Here is a handy list to decide which 2010 federal tax forms you need.

    C-Corporation
    ...

  • January 13, 2011

    If you’re self employed, you have a few more federal income tax forms to fill out than if you worked for a company. Not only do you need the usual 1040 series of tax forms, you also need to pick up Schedule C or the Schedule C-EZ. These federal...

  • January 12, 2011

    If you’re self employed or otherwise don’t have taxes regularly withheld, you must file your own taxes. Payments are made every quarter. That means your tax day isn’t just April 15th, it’s also June 15th, September 15th, and January 15th. To file...

  • December 31, 2010

    Independent contractors are people who have performed work for a company without actually being hired by that company. They can be writers, or repairpeople, or any number of other types of workers. These contractors don’t fill out the usual W-4...