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:
- Pick a business structure.
- Pick a tax year.
- Apply for an employer identification number.
- Make sure your employees fill out all the right forms.
- Pay your business taxes.
- 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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