Taxes

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Finding Small Business Income Tax Help Online

If you feel overwhelmed by your small business's income tax statement, you're not alone. Taking care of your business's income taxes can be difficult, but you can find tax help from online sources geared [more…]

How to Find the Right Tax Forms for Your Small Business

Not all small businesses are created equal — the IRS makes sure of that. Which tax forms you must fill out depends on what type of small business you're in and how many employees it has. Federal tax forms [more…]

When to Pay Your Business's Estimated Taxes

You need to pay your business's estimated taxes on specific dates every year. If your business is anything but a corporation, the estimated tax due dates are April 15, June 15, September 15, and January [more…]

Which Business Expenses Can I Deduct from My Taxes?

Businesses can deduct a wide variety of business expenses from their taxes. The IRS specifies that, to be tax-deductible, business expenses must be ordinary and necessary for the operation of your business [more…]

How to Fit Sales Tax into Your Business

With more than 10,000 different sales tax rates nationwide, and these sales tax rates constantly changing, your business must keep up. If your business sells products or provides certain kinds of services [more…]

How to Decide Whether Your Business Needs an Audit

Audits provide the opportunity for a second set of eyes (usually those of a certified professional accountant) looking over your business’s accounts. An annual audit of your business may be a requirement [more…]

Paying Unemployment Taxes

The Federal Unemployment Tax (FUTA) fund and state unemployment funds require employers to pay taxes to fill those unemployment funds. For FUTA, employers pay a federal rate of 6.2 percent on the first [more…]

The Federal Tax Forms for a Sole Proprietorship

The federal government doesn’t consider sole proprietorships to be individual legal entities to be taxed. Sole proprietors report any business earnings on their individual tax returns — that’s the only [more…]

The Federal Tax Forms for a Partnership

If your business is structured as a partnership, your business doesn’t pay taxes. Instead, each partner pays taxes on the money earned by the business, which is split up among the partners. [more…]

Filing Federal Taxes as a Corporation

Federal taxes for corporations differ, depending on whether you have an S corporation or a C corporation; each has unique federal tax requirements and practices. In fact, not even all corporations file [more…]

Paying Employer Taxes on Social Security and Medicare

In the United States, both employers and employees must contribute to the Social Security and Medicare systems. Employers share the Social Security and Medicare tax obligation equally with their employees [more…]