​6 Tax Tips for Your New Business

​6 Tax Tips for Your New Business

01/6/2021 Tags: Announcements, In the News

One of the biggest hurdles you’re likely to encounter when you start a new business is understanding your taxes. There are lots of questions you have to ask yourself and a lot of paperwork to fill out.

To make the processes a little less intimidating, the IRS put together these tips. We’ve summarized them in an eBook that you can download here for free.

As a quick overview, here are the steps you’ll need to complete to make sure your business stays on the right side of the IRS:

  1. Pick a business structure.
  2. Pick a tax year.
  3. Apply for an employer identification number.
  4. Make sure your employees fill out all the right forms.
  5. Pay your business taxes.
  6. Visit your state’s website.

If you need help find your way through all the IRS’s requirements for a new business, please reach out to us. We’re always here to help!

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