Business.gov - The Official Business Link to the U.S. Government
Managing Your Taxes
As a business owner you'll need to manage your tax obligations throughout the year. This includes keeping records, setting up accounting procedures, and making regular income tax payments. The resources below explain tax obligations that all business owners should work into their regular operations.
Get Tax Help
- Contact the IRS
Answers to tax questions - Taxpayer Advocate
Help resolving tax problems
- Operating a Business
Learn about operating a business with employees, business deductions and tax credits, filing and paying taxes, recordkeeping, and choosing an accounting method. Additional resources also include the Small Business Online Tax Calendar, Tax Topics for Businesses, and Frequently Asked Questions. - Accounting Periods and Methods
Each taxpayer (business or individual) must figure taxable income on an annual accounting period called a tax year. Each taxpayer must also use a consistent accounting method, which is a set of rules for determining when to report income and expenses. To be sure that you are using the correct accounting method, read Accounting Methods: Cash vs Accrual Accounting and learn which accounting method works better for your small business. - Tax Recordkeeping Guide for Businesses
Unless you are a professional bookkeeper, you probably don't like to spend valuable business time keeping records. But keeping good records can actually help you save money.- Bookkeeping Basics for Small Business, Part I
A quick guide to smart bookkeeping practices for small business owners. - Bookkeeping Basics for Small Business, Part II
Tips on how long you should keep business records for tax purposes.
- Bookkeeping Basics for Small Business, Part I
- Small Business Expenses and Tax Deductions
Explains IRS rules for making deductions on business income taxes.
Related Resources
- Online Classroom
Small Business/Self-Employed Virtual Small Business Tax Workshop - Starting a Business and Keeping Records
This guide clearly explains basic federal tax and recordkeeping requirements.
