Small Business Taxes

The Latest

  • December 31, 2010

    Any new hire to a business is required to fill out the W-4 set of IRS tax forms. These tax forms let the business know how much to withhold for taxes, both federal and state. This amount is calculated by the number of allowances the employee...

  • December 31, 2010

    Even when you have the freedom of being your own boss, you still have to file your taxes every April just like everyone else. But you may be confused as to what IRS tax forms you need to file.

    The Self-Employed File Schedule C or...

  • December 31, 2010

    It would seem that since you’re doing work for a business that you’re an employee. But this isn’t necessarily so. If you’re not actually hired by the company, you’re considered a contractor. You file a different set of taxes than a regular...

  • December 31, 2010

    Whenever you’re hired by a business, you’re required to fill out certain tax forms. The federal tax forms you must fill out are W-4 forms.

    What Are They For?

    The W-4 federal tax forms are...

  • December 31, 2010

    If you want to use 2010 IRS tax forms to file as an S-Corporation, make sure your business qualifies as one. There are several criteria you must meet.

    -         Must have elected to be taxed as a corporation.

    -         Must only...

  • December 31, 2010

    If your business is owned by multiple people and you haven’t registered as a corporation, you must file as a partnership. The 2010 federal tax forms you need are the 1065 series.

    The reason these tax forms are separate is because you must...

  • December 31, 2010

    Filing taxes for your LLC business is a multi-step process. It’s much harder than filing your own personal taxes. A lot depends on certain information regarding your business.

    For Businesses with One Member

    ...

  • December 31, 2010

    When choosing which 2010 federal tax forms to fill out for your business, you have a few options. You must choose between corporation, partnership, or sole proprietorship. Some business owners believe they are in charge of a corporation, but this...

  • August 17, 2010

    Making an investment in a small business is a great way to encourage entrepreneurship and stimulate an important sector of the economy. It can also give you a...