IRS e-News for Small Businesses
Inside This Issue
- What kind of records should you keep?
- Retirement and savings initiatives
- Small business tax workshops
- SBTV.com’s weekly tax news for small businesses
- Recent IRS announcements
1. What kind of records should you keep?
Business transactions often require various documents to support the entries in your books and on your tax return.
IRS.gov has information on the types of records you should keep as supporting documents.
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2. Retirement and savings initiatives
New guidance makes saving and choosing a retirement plan easier.
The IRS Retirement Plans Navigator also offers an easy retirement plan guide for small employers.
Related links:
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3. Small business tax workshops
Local workshops, sponsored and presented by IRS partners who are federal tax specialists, offer everything from a general overview of taxes to information on specific topics.
IRS.gov has more information and a state-by-state list of workshops.
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4. SBTV.com’s weekly tax news for small businesses
Today, SBTV.com has information for small businesses that outsource payroll duties.
Next Wednesday, learn about the tax implications of employing family members.
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5. Recent IRS announcements
- IR-2009-79, Deadlines Near for Business to Choose Expanded NOL Election; Sept. 15 for Many Corporations, Oct. 15 for Individuals
- Special Edition Tax Tip 2009-07, Five Facts about the Making Work Pay Tax Credit
- IR-2009-78, Special IRS Web Section Highlights Back-to-School Tax Breaks; Popular 529 Plans Expanded, New $2,500 College Credit Available
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