IRS Encourages Small Businesses to Access Resources on IRS.gov During National Small Business Week
In recognition of National Small Business Week, which runs from April 30 to May 6, the Internal Revenue Service (IRS) is encouraging small business owners to take advantage of the various resources available on IRS.gov. The annual event, led by the Small Business Administration, celebrates the hard work, ingenuity, and contributions of small businesses to the economy.
Small businesses can access a wide range of tax-related information and resources on IRS.gov. The Small Business and Self-Employed Tax Center, in particular, provides comprehensive information, tools, and education to help small business owners understand and comply with their tax responsibilities. The site caters to different types of businesses, including self-employed individuals, independent contractors, gig workers, and businesses with employees.
The IRS website also features sections that map out the entire life cycle of a business and its tax implications, from starting a business to closing it down. Small businesses can access basic federal tax information, checklists for making basic business decisions, and guidance on choosing the right business structure. They can also find tools and tips on how to get an Employer Identification Number, keep good records, and file and pay taxes.
To ensure that small businesses stay informed, the IRS offers various education and online learning products on its website. The IRS Video Portal provides video and audio presentations on a variety of tax topics, including archived versions of live panel discussions and webinars. The Webinars for Small Businesses cover a range of topics from a general overview of taxes to more specific topics like business income and expenses. Additionally, small business owners can attend workshops, meetings, and seminars scheduled throughout the country, with some events offered virtually.
Small businesses play a crucial role in the American economy, and the IRS remains committed to providing them with the necessary resources and support to help them succeed. By accessing the resources available on IRS.gov, small business owners can stay on top of their tax obligations and continue contributing to the economy.
News Source : IRS.gov