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Claremont CPA & Accountants - Get Bids & Save | MiNeeds
Author: Ron Leyva
Article Source: MiNeeds.com, where consumers get competitive bids from Accountants/CPA’s. Read reviews, compare offers & save. It’s free!
Article Link: http://www.mineeds.com/Claremont/Leyva-Business-Services/Articles/Tips-and-Hints-for-New-Small-Businesses
Tags: MiNeeds, Accountants / CPAs, Claremont, CA, 91711, Leyva Business Services, Ron, Leyva, Tips and Hints for New Small Businesses
Ok you started your new business…congratulations. Here are some basic tips to help you make that new business a success.
The following is a list of the basic tips offered by the IRS to avoid potential problems:
• Classify workers properly as employees or independent contractors as determined by law, not the choice of the worker or business owner;
• Deposit federal employment taxes, called trust fund taxes, according to the appropriate schedule;
• Start making estimated quarterly payments to cover your own income tax and social security self-employment tax liability;
• Keep good records to protect your personal and financial investment and to make tax filing easier;
• Consider a tax professional to help you with Schedule C;
• File and pay your taxes electronically; it's fast, easy, and secure;
• Protect financial and tax records to ensure business continuity in the event of a disaster.
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