Starting A Business

Most businesses start out small. As a new business owner you need to know your federal tax responsibilities. This page provides links to basic federal tax information for people who are starting a business. It also provides information to assist in making basic business decisions. The list should not be construed as all-inclusive. Other steps may be appropriate for your specific type of business.

What New Business Owners Need to Know About Federal Taxes

• Is it a Business or a Hobby?
  
• Selecting a Business Structure
  
• Employer Identification Number (EIN)
  
• Business Taxes
  
• Recordkeeping
  
• When Do I Start My Tax Year?
  
• Selecting an Accounting Method
  
• Checklist for Starting a Business
  
• Establishing a Retirement Plan
  
• Small Business Publications
  

References/Related Topics

• Small Business Resources
  
• Online Learning and Educational Products
  
• Publication 4591, Small Business Federal Tax Responsibilities (PDF)
  
• Recommended Reading for Small Businesses
  
• Tax Calendar for Small Businesses and Self-Employed
  

Welcome

Welcome to BackToYourBusiness, where we help you get back to the things that you do well!