Welcome to Small Business Week!
During National Small Business Week – and any time of the year – small business owners can visit the IRS channel to watch a series of videos that can help them navigate tax topics that affect their business.
The small business playlist on the official IRS YouTube channel features several videos that might be short, but that pack in a lot of helpful information. The videos walk business owners through topics such as:
- Estimated Taxes – covers who needs to make quarterly estimated tax payments and how people can make them.
- Some Taxpayers Can File their Employment Taxes Annually – discusses when and how to report to the IRS employment taxes withheld from employee paychecks.
- How to Voluntarily Correct the Classification of Your Workers – covers how to reclassify workers as employees who were initially considered independent contractors.
- Your Taxes in the Sharing Economy – reviews the tax responsibilities of people who participate in the gig economy, including people who use an app or website to rent out a spare room or offer rides in their car.