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Your ‘go-to’ for invaluable small business info

Posted on May 23, 2023

If you run, own or just opened a small business, the CPAs here at Teipen CPA Group have your back. We do a lot of work for small to medium-sized businesses, and can provide you with the bookkeeping and tax work you need.

We also want to let you know that the IRS offers a lot of resources, forms, tips, and tools to help you understand and meet your tax responsibilities. Our small business team of CPAs urge you to check out IRS.gov for answers to FAQs and other small business-related information.

Bookmark these important webpages:

  •  Small Business and Self-Employed Tax CenterResources 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
  •  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.
  •  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.

Mark your business calendar to stay on track with deadlines and payments:

  •  Online Tax Calendar: Includes due dates and reminders for each month in different formats. Business owners can see all events or filter them by monthly depositor, semi-weekly depositor, excise tax, and general event types. You can also get calendar reminders sent to your email and import the calendar into their calendar program.
  •  Electronic Federal Tax Payment System: This is a free tax payment system  for businesses to use to pay their federal taxes online. Businesses can also pay by phone.

Got questions about business taxes? The IRS has your back with:

  •  Small Business Tax Workshop: Online lessons that help new business owners understand the taxes they owe and when and how to pay them.
  •  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.

It’s absolutely true that small businesses play a vital role in Indiana and the nation’s economy. That’s why we’re here for you with any questions you may have. Just give us a call and we’ll match you up with a CPA with experience in your business realm.