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Business Taxes

Unfortunately, as a small business manager you do need to at least be familiar with federal and state taxes that affect your business. These sites will at least point you in the right direction.

Tax Time has Come and Gone!

Get prepared for next year. In order to take advantage of all the legal income tax deductions available to you and minimize your taxes you need to plan ahead and take actions before it's time to actually file your taxes.

"It's How Much You KEEP, That Counts! Not how much you Make"

Learn how to REDUCE YOUR TAXES to the LEGAL MINIMUM by studying and using the ONLY 'Plain English' Step-by-Step Guide to HOME-BUSINESS TAX BREAKS Authorized by Congress.

If you are a taxpayer operating a legitimate Home-Based Business with the intent to make a profit...

  • Most likely you can slash your taxes, perhaps by up to 50% or more!
  • You might even qualify to claim Thousands in refunds on previously filed Tax Returns!

    Want to know how ? Home Business Tax Savings

    This web site is loaded with tons of practical and useful Tax-Savings and Business-Success tools, advice and resources. Look around. A lot of it is FREE, and ALL of it is VALUABLE. New York Times #1 Bestselling Author Robert G. Allen, says: “Anyone with a home-based businesses needs this information. Anyone without a home-based business needs it even more.” Invest a little time and check out Home Business Tax Savings. You'll be glad you did.

    IRS Business Information & Taxes
    Needing information, forms, or help regarding income taxes or setting up a business ? Don't be afraid to go here you're not going to get audited.The IRS has really done a fine job of creating a very good site to help you on business and tax matters.

    Internal Revenue Service-Main Site
    Not quite sure what you need ? Start on the IRS's Main Site.
    Internal Revenue Service-Small Business Resources
    If you run a small business or are self-employed, the IRS has provided a special section to address your specific needs.
    Frequently Asked Questions
    Have some questions you need answered ? Check out the FAQ section to find your answer.
    IRS Forms & Publications
    If your needing some forms, instructions, or special publications this might help.
    Employment Taxes
    If you have or plan on having any employees you need to learn about what taxes you as an employer are responsible for.
    Employer Identification Number (EIN)
    Applying for an Employer Identification Number (EIN) Do you need an Employer Identification Number (EIN) ? See if you do and apply for one online using Form SS-4.
    Starting Your Business
    Planning on starting a business but don't know where to begin ?
    IRS Form Instructions Online
    Online Detailed Instructions for Preparing IRS Required Forms

    IRS—Industry or Profession Guides and Regulations
    Since some types of industries and professions have special rules and requirements affecting them, the IRS has provided additional information to aid the businesses affected.
    Agriculture
    Automotive
    Child Care
    Construction
    Cosmetology
    Entertainment
    Gas Retailers
    Manufacturing
    Real Estate
    Restaurants
    Tax Professionals
     


      Free IRS DVD's, CD's, and Online Courses beneficial to small businesses.
      These workshops and tutorials provide excellent information and aid to businesses. You can take a course online or order a free DVD delivered to your door step and take the course from the convenience of your own computer.

      Virtual Small Business Tax Workshop
      Designed to help new and existing small business owners understand and meet their federal tax obligations. The workshop provides information and resources in an interactive format. The workshop consists of ten lessons.
      Available as a DVD and an Online Course.
      Online Tax Workshop
      Order DVD

    • Small Business Resource Guide
      The Small Business Resource Guide provides critical tax information to small businesses including forms, instructions, and publications. Valuable business information is provided from a variety of government agencies, non-profit organizations, and educational institutions. Essential startup information needed by new small businesses is also provided.
      Available as a CD and an Online Course.
      Online Small Business Resource Guide
      Order CD

    • Small Businesses Retirement Plan Resource Guide
      Small Businesses Retirement Plan Resource Guide
      Small business owners can now learn virtually everything they need to know about setting up and maintaining IRA retirement plans for their employees. In addition, the IRS also has a free quarterly newsletter, Retirement News For Employers, that you can subscribe to that provides useful information regarding retirement plans.
      Available as a CD and an Online Course.

    Why should a business e-file ?
    Business e-file
    A quick, easy, smart way to get your taxes where you want them to be --- Done! 7 million business returns were e-filed in 2004!

    • Quick - Just hit Send! Or tell your preparer "I want the safety and speed of e-file."
    • Easy - There is a 99 percent accuracy rate.
    • Smart! - In 48 hours IRS sends an official acknowledgement that your return was received. Owe money? You can authorize an electronic withdrawal from your savings or checking account.

    EFTPS.gov
    Keep Track of Your IRS Payments Online. Pay your federal taxes online with EFTPS (Electronic Federal Tax Payment System)--the fast, accurate and secure way to pay federal taxes. Provided FREE by the U.S. Department of Treasury for business and individual taxpayers. Payment history is available for 16 months. Make payments online 24 hours a day, 7 days a week. EFTPS Customer Service always available.

    Employer On-line Reporting & Help
    Only have a few W-2's you need to fill out. Why not save the hassle and do them online ?

    Additional sites that provide useful Tax Information.
    Small Business Taxes & Management
    Tax Sites    Taxopedia    FindLaw

    The Tax College's Free Tax Course
    If you’d like to take a fast and free online income tax course written by tax professionals, not university professors, then check out the tax college!

    Wiseguides
    WiseGuides offers a unique service to the accounting community. FREE TAX and ACCOUNTING courses. All of their courses are FREE to use -- you only pay for CPE credit (not the course). Thus if you, or your staff, just want to study any or all of their 100 tax, accounting, and management courses be their guest for FREE.
    Note: Membership is required but is Free !

    • Signup/Registration and Login Page
      Login/Register
    • Course Listing -Excellent Tax Courses - Accounting Courses - Management Courses and ..... More !
      Course Listing

    State Tax Information
    Unfortunately, states also take a few dollars out of your wallet. Some types of taxes and fees your business may be liable for are sales and use tax, state unemployment, franchise and excise taxes, and special licenses, permits, and other fees. Some useful sites to check for information about taxes and special laws regarding your state:

    State Tax Information
    Accountants World-Sales Tax
    Accountants World-State Forms
    Accountants World-State Tables & Publications
    TaxSites
    Nolo
    Federation Of Tax Administrators
    State Local Government on the Net
    GovSpot
    1040-State
    BankRate
    BankRate-State Taxes Roundup
    InvestingInBonds
    Perquest Payroll Service
    Tax Admin
    CCH
    IRS

    Local Laws and Ordinances
    Local government may take one more bite out of your wallet for business licenses and other fees.
    Codes of Ordinances for local governments.
    Municipal Laws

    Tax Software
    Business Tax Preparation Software
    Sites offering tax preparation software for businesses needing to file a corporate, partnership, trust or estate tax return are not as plentiful as sites that offer tax software for individuals. I did run across one though that is worth your time to check it out and see if it might make filing your business return a little easier. Prices start as low as $12.50. Site also provides useful links to tax information you might need.

    Tax Topics and Information
    WorldWideWeb Tax provides a good tax glossary and an itemized list of tax topics.
    Tax Glossary provides definitions of tax terms.
    Tax Topics provides a Master Index of Tax Topics arranged alphabetically.
    Tax Help provides a good source of information on surviving an audit and lowering your tax.
    US Tax Code online reference.
    CCH's Toolkit provides tax information about income tax provisions most likely to affect a small business owner.

    Tennessee State Information & Taxes

    Information For My Home State
    Tennessee taxes and other information.

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