The IRS Small Business Tax Workshop is a series of online training videos covering tax topics for new and established small business owners. The first four topics in the workshop cover federal taxes, Schedule C, filing/paying taxes electronically, and the business use of your home - no matter the type of business you have, or if [...]
If you are an employer, here is an important filing deadline reminder. The law requires you to file a copy of the W-2 forms you give to your employees by January 31st. You are also required to file the W-3 forms. Remember, you need to send these forms to the Social Security Administration. In addition, if [...]
Here are some ways your tribe can avoid IRS penalties related to employment taxes. This is especially important when you hire new employees and file tax returns. There are four main things to consider: identification numbers, timeliness, accuracy, and resources for help. First, be sure to get valid Taxpayer ID numbers from all employees and vendors [...]
As an employer, you do not need to register yourself for withholding to pay your own income taxes. If you expect to owe more than $400 in MA income tax, you are required to make individual estimated income payments. Rules are a little different for farmers and fishermen. You can find more information on the DOR [...]
This article was published by the IRS. The Internal Revenue Service is urging employers to be aware of the January deadline to file Forms W-2 and other wage statements. Filing these documents timely helps employers avoid penalties and helps the IRS in fraud prevention. A 2015 law made it a permanent requirement that employers file copies [...]
