IRS Resources

A crucial part of running a small business is navigating the complexities of tax obligations.  The Internal Revenue Service (IRS) provides numerous resources to assist small business owners and entrepreneurs to comprehend and meet their tax obligations.  These resources, which range from in-depth guides to online tools and direct assistance, aim to equip businesses with the knowledge and tools they need to navigate tax compliance successfully.  Small businesses can ensure compliance, reduce risks, and concentrate more on their core operations and growth strategies by utilizing these IRS resources.

Official IRS Resources

The IRS provides news releases which keep taxpayers and business owners up-to-date on new reforms, tax relief, scams, consumer alerts and much more.  To read the latest news releases, visit https://www.irs.gov/newsroom.

On the IRS website, you can find information that is specifically for businesses and those who are self-employed.  This includes tax information, tools and resources.  These resources can help you identify your business type, apply for or maintain your EIN, estimate your tax liability, prepare taxes, start or maintain your business and more.  You can also find information on the Affordable Care Act (ACA), Employee Retention Credit (ERC), Social Security, Medicare and other human resources and benefits.  Visit https://www.irs.gov/businesses to learn more about how to manage your business on the IRS website.

Current year forms, instructions and publications can be found at https://www.irs.gov/forms-instructions.

IRS Resources at CPS

At Corporate Payroll Services, we help you stay compliant with the IRS by ensuring taxes are reported and filed correctly, submitting required documentation for notices, and more.  The National Federation of Independent Business (NFIB) Tax Survey of 2021 reported that over 60% of small businesses cite payroll tax as a moderate to severe burden.   Our payroll services help make sure you are not a part of that statistic.  Our payroll services include calculation, payment and reporting of the following tax obligations:

• Federal withholding, Social Security, Medicare and unemployment taxes
• State unemployment taxes
• State and local withholding taxes

To get started or learn more about our tax and payroll services, visit https://www.cpsgo.com/payroll-tax-service/.