Teipen Logo

We are all about helping small businesses with tax issues

Posted on May 14, 2024

The experienced CPA team here at Teipen CPA Group has deep resources and tools to help small businesses understand and meet today’s tax responsibilities.

Here’s a few IRS resources we’ve found very helpful for business:

  • Small Business and Self-Employed Tax Center: Resources for small businesses with assets under $10 million and for taxpayers who file these forms:
    • Form 1040 or 1040-SR
    • Schedules C, E and F
    • Form 2106
  • Employer Identification Number: Businesses can apply for an EIN in several ways including online at IRS.gov. Generally, businesses need an Employer Identification Number, also known as a Federal Tax Identification Number. The IRS uses this number to identify a business entity.
  • Gig Economy Tax Center: Resources for gig workers, people who operate a digital platform marketplace and the businesses that manage their taxes. The gig economy – also called the sharing economy and access economy – is activity where people earn income providing on-demand work, services or goods, often with an app or website.
  • Tax information for businessesTax information, tools and resources for businesses and self-employed people.

How to track business tax payments

  • Electronic Federal Tax Payment System: The IRS has free tax payment systems for businesses to pay their federal taxes online. Businesses can also pay by phone. We can help get you started.

Want to stay in the know about business taxes? The IRS is all about webinars, emails and keeping you up-to-date. (We are, too!)

  • Form 1099-K rules free webinar: Important info for tax professionals and for anyone who receives a Form 1099-K, including people who use popular payment apps and online marketplaces. The webinar may also be helpful to taxpayers who receive Form 1099-K from non-business transactions such as the sale of personal items.
  • e-News subscriptions: Email newsletters on a variety of tax topics. There are e-newsletters for small businesses, payroll professionals, tax professionals, IRS partners, and more. Subscribe and stay on top of constantly updated IRS information.

You can also rely on our dedicated business CPAs. They are up-to-date on what’s new, experienced in business applications, accessible for your questions, and happy to help. How can we help your growing business?