During National Small Business Week, the Internal Revenue Service (IRS) wants small business owners to know that information and resources to help them understand and meet their tax obligations are available free at IRS.gov.
Small businesses play a pivotal role in our nation’s economy. The IRS has a variety of resources available to help employers meet their tax responsibilities as well as help their employees.
IRS online resources can also help employers with things like how to determine if workers should be classified as employees or independent contractors, when employment taxes are due and what forms they need to file.
Check out IRS’ online resources available to small businesses to learn their employer tax responsibilities:
- The Small Business and Self-Employed Tax Center features links to a variety of useful tools, a downloadable tax calendar and common forms with instructions.
- The IRS Tax Calendar for Businesses and Self-employed has important tax dates, including federal tax deposit due dates.
- The Self-Employed Individuals Tax Center is for sole proprietors and others who are in an independent trade, business or profession.
- The Gig Economy Tax Center can help people find answers to tax questions, as well as helpful tips and tax forms for business taxpayers.
- Information on IRS.gov may also be available in Spanish, Vietnamese, Chinese (Simplified and Traditional), Korean, Russian as well as Haitian Creole.
- IRS social media channels have helpful video and audio presentations.
- IRS2Go is a free mobile app to find free tax help, watch IRS YouTube videos and get IRS Tax Tips by email in English and Spanish.
- The IRS YouTube Video Channel has videos for small businesses on the small business playlist, with videos available in English, Spanish and American Sign Language.
- Small Business Taxes: The Virtual Workshop has interactive lessons designed to help new small business owners learn their tax rights and responsibilities.
SBA Celebrates National Small Business Week
The Small Business Administration (SBA) has designated the week of September 13 as its National Small Business Week. Today the Committee on Small Business will hold a remote hearing titled: “National Small Business Week: Celebrating our Main Street Champions” to honor all of America’s entrepreneurs who showcase the American entrepreneurial spirit. Entrepreneurs from across the country will testify on their small business success stories.
For more than 50 years, “National Small Business Week” has highlighted and celebrated the contributions of small, local, independently-owned businesses in every community in the United States. In recognition of this week, House Committee on Small Business Ranking Member Blaine Luetkemeyer led a resolution recognizing September 13, 2021, to September 17, 2021, as “National Small Business Week.”
“This week and every week, we celebrate the resiliency and determination of our nation’s small businesses as they continue to face immense, unforeseen challenges,” said Luetkemeyer. “Small businesses are the engine that drives our nation’s economy forward and the lifeblood for communities across the country. We remain dedicated to providing Main Street U.S.A. with the tools they need to get back on their feet and reopen for business once again.”
Resolution co-sponsors from New Jersey and Pennsylvania include Reps. Dwight Evans, Brian Fitzpatrick, Chrissy Houlahan, Mark Keller, Andy Kim, and Guy Reschenthaler.
*Article courtesy of CrossState Credit Union Association 2021