National Small Business Week: IRS.gov offers one-stop shop for small business ta

IR-2024-125, April 29, 2024 — The Internal Revenue Service today urged small businesses to take advantage of the many tax resources available through the Small Business and Self-Employed Tax Center...

Publication 334 (2023), Tax Guide for Small Business

Publication 334 - Introductory Material ; Future Developments · Are You Self-Employed? · Are You a Statutory Employee? · Business Owned and Operated by Spouses · Additional Information · What's New for 2023 · What's New for 2024 · Reminders · Photographs of Missing Children

Qualified small business payroll tax credit for increasing research activities

The Inflation Reduction Act of 2022 ("IRA") has increased and modified the qualified small business payroll tax credit for increasing research activities. Here are some basic facts about the payroll tax credit and how employers may claim the credit. IRC 41, Credit for Increasing Research Activities, allows taxpayers a credit against income tax for increasing research activities ("research credit"). Generally, the research credit is equal to the sum of 20 percent of the excess (if any) of the tax...

Small Businesses Self-Employed

Access tax forms, including Form Schedule C, Form 941, publications, eLearning resources, and more for small businesses with assets under $10 million.

Amid IRS Fraud Crackdown, Small Businesses Need to Verify ERC Eligibility

Amid IRS Fraud Crackdown, Small Businesses Need to Verify ERC Eligibility As the IRS goes... retention tax credit applications, companies should double check their qualification status.

IRS Issues Advice to Small Businesses - Newsweek

The Internal Revenue Service urged small businesses to use its Small Business and Self-Employed Tax Center on IRS.gov this week.

Tax Guide for Small Business

gov/Russian (Pусский) • IRS.gov/Vietnamese (Tiếng Việt) Tax Guide for Small Business (For Individuals Who Use Schedule C) Publication 334 Catalog Number 11063P For use in...

How small business is claiming billions in cash refunds from IRS

Many small businesses can use an IRS tax credit to offset hiring costs and wage increases in the job market. Many entrepreneurs don't know about it.

The IRS is going after scammy firms pushing a small business tax credit

The IRS may bring criminal charges against ERC companies that allegedly were persuading small business owners to fraudulently claim the credit.

IRS cracks down on small business tax break that could lead to audit

The Employee Retention Credit has soared in popularity among pandemic-related tax incentives for business owners, but the IRS has become skeptical of claims.