We’ve all been programmed to think that IRS is our enemy, and while I don’t necessarily believe that, I do think that anything coming from the IRS has to be treated with caution. Having said that, I can also say that IRS does actually provide some helpful information to the public. One of those things is their Small Business and Self-Employed Tax Center. It’s a sort-of ‘one-stop shopping’ place for small business and self-employed information. Granted, it’s no substitute for trained professional assistance (hey, I need to preserve my job!), but it is a good place to look at, for information on all sorts of subjects that affect small businesses and the self-employed.
Some of the things covered in the website are
-Forms and publications
-Starting, operating, or closing a business
-Employment taxes
-Independent contractor or employee
-Videos
This, and much, much more! Check it all out at www.irs.gov/businesses/small/index.html
Let me know if I can help you navigate the maze of the ins and outs of operating a small business, or being self-employed. Kids, don’t try this at home, and don’t go it alone! Please pass a link to this article along to anybody you feel may benefit from it.
Jay E. Reiner, CPA 