Small business owners have a wide range of tax obligations. Aside from their essential requirement to pay and file income tax returns, they are also required to manage payroll taxes if they have any employees. Depending on their business type and activities, there may also be a requirement to collect and report on state and local sales taxes or even have excise tax responsibilities. In addition, you may be required to notify the IRS of certain activities on information returns. Staying on top of the tax calendar will help small business owners avoid missing payments or filing deadlines. You can view the IRS Tax Calendar for Businesses and Self-Employed here.
We understand that this can be overwhelming to stay on top of while growing and maintaining your business. The Partner Plug is here to help. Contact us today.