Tips And Hints For New Small Businesses
Author: Ron Leyva
Author: Ron Leyva
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MiNeeds.com, where consumers get competitive bids from Accountants/CPAs. Read reviews, compare offers & save. Its free!
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http://www.mineeds.com/Claremont/Leyva-Business-Services/Articles/Tips-and-Hints-for-New-Small-BusinessesTags: MiNeeds, Accountants / CPAs, Claremont, CA, 91711, Leyva Business Services, Ron, Leyva, Tips and Hints for New Small Businesses
Ok you started your new businesscongratulations. Here are some basic tips to help you make that new business a success.
The following is a list of the basic tips offered by the IRS to avoid potential problems:
Classify workers properly as employees or independent contractors as determined by law, not the choice of the worker or business owner;
Deposit federal employment taxes, called trust fund taxes, according to the appropriate schedule;
Start making estimated quarterly payments to cover your own income tax and social security self-employment tax liability;
Keep good records to protect your personal and financial investment and to make tax filing easier;
Consider a tax professional to help you with Schedule C;
File and pay your taxes electronically; it's fast, easy, and secure;
Protect financial and tax records to ensure business continuity in the event of a disaster.
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Tips And Hints For New Small Businessesby: MiNeeds10
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