Newark Ohio Chapter 399 N



Small Business Resources

Some of these links may be commercial websites or contain advertising. SCORE lists these sites as a convenience and service to its clients in locating useful and relevant information, SCORE has not evaluated, offers no opinion, nor derives any benefit from any commercial websites or Ads appearing on these websites. It is solely the user's responsibility to evaluate such websites and advertisements using their own judgement.


SCORE Top Picks

Community Capital Development Corporation

SCORE "Counselors to America''s Small Business"

SCORE Business Tool Box

U.S. Small Business Administration


Incorporation Information


SBDC Small Business Development Centers of Ohio

State of Ohio Business Start-up Kit

Internal Revenue Service - Forms, Tax Help

Entrepreneur Magazine's SmallBizBooks

Chambers of Commerce

Newark Area Chamber of Commerce

Zanesville-Muskingum County Chamber of
Commerce


Lancaster Fairfield County Chamber of Commerce

Coshocton County Chamber of Commerce

Perry County Chamber of Commerce

National

Business Owners Information Toolkit

Wall Street Journal Center for Entrepreneurs

All Around Business Advice


Inc. Magazine Business Information

SBA 8(a) Business Development for disadvantaged business

Sample Business Plans

Women's Business Enterprise National Council


Franchise Information

State of Ohio
Secretary of State


Department of Development


One Stop Business Connection

Department of Taxation

Division of Minority Business Affairs


IRS's Seven Tips for Taxpayers Who Have Started or Are Thinking of Starting a New Business


Anyone starting or thinking of starting a new business should be aware of their federal tax responsibilities. Here are the top seven things the IRS wants you to know if you plan on opening a new business this year.
1. First, you must decide what type of business entity you are going to establish. The type your business takes will determine which tax form you have to file. The most common types of business are the sole proprietorship, partnership, corporation and S corporation.
2. The type of business you operate determines what taxes you must pay and how you pay them. The four general types of business taxes are income tax, self-employment tax, employment tax and excise tax.
3. An Employer Identification Number is used to identify a business entity. Generally, businesses need an EIN. Visit IRS.gov for more information about whether you will need an EIN. You can also apply for an EIN online at IRS.gov.
4. Good records will help you ensure successful operation of your new business. You may choose any recordkeeping system suited to your business that clearly shows your income and expenses. Except in a few cases, the law does not require any special kind of records. However, the business you are in affects the type of records you need to keep for federal tax purposes.
5. Every business taxpayer must figure taxable income on an annual accounting period called a tax year. The calendar year and the fiscal year are the most common tax years used.
6. Each taxpayer must also use a consistent accounting method, which is a set of rules for determining when to report income and expenses. The most commonly used accounting methods are the cash method and an accrual method. Under the cash method, you generally report income in the tax year you receive it and deduct expenses in the tax year you pay them. Under an accrual method, you generally report income in the tax year you earn it and deduct expenses in the tax year you incur them.
7. Visit the Business section of IRS.gov for resources to assist entrepreneurs with starting and operating a new business.
To get the latest IRS news and products and services, subscribe to e-News for Small Businesses on IRS.gov at http://www.irs.gov/businesses/small/article/0,,id=154825,00.html, click "Subscribe Now" at the bottom of the page and enter your e-mail address.

The IRS Small Business and Self-employed Tax Center at http://www.irs.gov/businesses/small/index.html has more information about starting and operating a new business.

 


                                 

   
   
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