Businesses and individuals can use the Electronic Federal Tax Payment System to pay all their federal taxes electronically, 24 hours a day, 7 days a week, via the phone, personal computer software or the Internet. Visit the EFTPS website for all the latest information! Or visit the Department of Treasury’s Financial Management Services web pages on EFTPS.
Information about hiring, recordkeeping, and other topics for business owners with employees.
Independent Contractors vs. Employees: Before you can determine how to treat payments you make for services, you must first know the business relationship that exist between you and the person performing the services.
Employment Taxes for Small Business: If you have employees, you are responsible for Federal Income Tax Withholding, Social Security and Medicare taxes and Federal Unemployment Tax Act (FUTA).
IRS Withholding Calculator: This easy-to-use calculator can help you figure your employees’ Federal Income Tax Withholding so you can withhold the correct amount from their pay.
Small Business Products Online Ordering:
Looking for a tool to help you meet your tax requirements? Choose from our free products, developed especially for the Small Business/Self-Employed person, and obtain updated information on existing products.
Join the SB/SE Mailing List:
The Small Business/Self-Employed Division has a free electronic mail service designed to provide tax information for small business owners. Sign-up for the Small Business/Self-Employed mailing list and you will receive information about important upcoming tax dates, what’s new on the IRS website, recently added tax forms and publications, IRS News Releases and special IRS announcements.[Note for partners: the URL for the mailing list is subject to change without notice, and should be reviewed monhtly for viability.]
Tax Scams – How to Recognize and Avoid Them
To help the public recognize and avoid abusive tax schemes, the IRS offers an abundance of educational materials. Participating in illegal schemes to avoid paying taxes can result in imprisonment and fines, as well as the repayment of taxes owed with penalties and interest. Education is the best way to avoid the pitfalls of these “too good to be true” tax scams.
Industries/Professions: Specific tax information for Agriculture, Automotive, Construction, Entertainment, Fishing, Gas Retailers, Manufacturing, Real Estate, Restaurants, Tax Professionals, and other industries.