Here are Tax Tips to help new business owners.
As a new business owner, you need to know the following:
A business plan is the first project you should work on to get your desire and dreams on paper. Anyone can start a business, however to plan and write it down takes time and effort along with patience. A business coach is a perfect solution for planning your first business. Mentors and coaches can encourage, support and direct you where you want to go faster, more efficient to avoid common pitfalls that may discourage you from starting.
Yes, our firm can provide business formation services. We will also register your EIN (Employer Identification Number with the IRS and your state registration. Each Secretary of State may vary with filing document requirements, therefore, the prices my vary.
How to Avoid Tax Debt-Personal
· Know your federal tax responsibilities
· Understand your tax situation
· File your taxes on time
· Practice good record-keeping
· Avoid scams, be alert, ask questions
Federal Tax Responsibilities
Getting a transcript or copy of a return.
Go to IRS.gov and click on "Get Transcript of Your Tax Records" under "Tools."
Using online tools to help prepare your return.
1. Go to IRS.gov and click on the Tools bar to use these and other self-service options.
Understanding identity theft issues.
Go to www.irs.gov/uac/Identity-Protection for information and videos.
Checking on the status of a refund.
How to Avoid Tax Debt-Business