Understanding the tax responsibilities that come with starting a business venture can save taxpayers money and help set them up for success. IRS.gov has the resources and answers to help people through the process of starting a new business.
Here are six tips for new business owners.
- Choose a business structure.
- Choose a tax year.
- Apply for an employer identification number.
- Have all employees complete these forms:
- Pay business taxes.
- Visit state’s website.
Inquiring about taxes? Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.