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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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