IRS Embraces New Applications to Make Tax Information More Accessible to Small Businesses and the Self-employed
Maximizing the Web’s convenience, accuracy and speed, IRS.gov -IRS’s web site- now assists millions of individual taxpayers, tax professionals, and small business owners to better understand and meet their tax responsibilities.
Updated Virtual Small Business Tax Workshop
The IRS’s Virtual Small Business Tax Workshop is an interactive resource to help small business owners learn about their federal tax rights and responsibilities. This dynamic educational product, available online and on CD 24/7 from your computer, consists of nine stand-alone lessons that can be selected and viewed in any sequence. A bookmark feature makes it possible to leave and return to a specific point within the lesson. Users also have access to a list of useful online references that enhance the learning experience by allowing them to view references and the video lessons simultaneously.
It’s important to recognize that consumers are becoming more environmentally conscious. Eco-friendly practices may seem costly but can serve as a great investment for future growth in businesses as it reduces costs and creates happier customers.
Business.gov provides suggestions and information from fellow business owners as well as industry and government experts. Linked to the site, you can find a Green Business Guide that offers tons of tips on how to pursue and maintain a green business. Recommendations include how to reduce energy costs, how green technology develops energy efficient upgrades, what kinds tax credits there are to green technology developments, and more. By cutting down on expenses and becoming more consumer-friendly, your business can open up opportunities for growth.
Here are some links to get you started with your journey towards a greener business:
Save energy costs, find energy saving tips, and get information on incentives for making energy efficient upgrades. The guide can lead you to recommendations on cost savings, opportunities for energy efficient upgrades, steps towards sustainable business practices, and more.
Keeping up with federal tax requirements is not easy in today’s fast-changing business environment. Even if you use a tax professional’s services, you still need to know and understand your tax responsibilities.
That’s why the IRS offers you a time-saver: IRS e-News for Small Businesses. E-news is a bi-weekly newsletter that alerts you to what’s new, hot and important for small business owners to know. It’s quick to read, easy to subscribe – and it’s free.
IRS e-News for Small Businesses features:
Tax dates for small business owners, to help you avoid missing a deadline
MBDA allocated roughly $1 million to seven minority business centers last month. The Minority Business Centers located in cities in Mesa, AZ; Bismarck, ND; New Orleans, LA; Durham, NC; San Jose, CA; Detroit, MI; and Philadelphia, PA received the funding to increase minority business contracting opportunities in the American Recovery and Reinvestment Act.
The Minority Business Centers in these cities will assist in “minority-owned firms playing a significant role in the nation’s economic growth,” says MBDA National Director David Hinson. MBDA kicked off the ARRA Initiative last month with events in Charlotte, NC; Philadelphia, PA and New Orleans, LA.
The Industry Trade Advisory Committees (ITACs) play a critical role as industry’s voice in developing U.S. trade policy. Through the ITACs, business leaders have an opportunity to work side-by-side with U.S. Government officials and trade negotiators in advising the Secretary of Commerce and the United States Trade Representative (USTR) on industry specific issues related to, among others: market access, customs matters, foreign investment and intellectual property protection.