The Internal Revenue Service (IRS) has provided Arkansas Capital Corporation with some educational material based around two topics that, according to their research and experience, commonly trip up new business owners. Those topics are recordkeeping and understanding gross business receipts.
Understanding these topics and others presented in the material will help the small business owner be more successful. The IRS deals mostly with taxing businesses, but they also provide materials related to other topics that may be helpful. The goal of these educational materials is to give the user a starting place when trying to troubleshoot problems that may arise when starting their own small business.
Listed below are several links to videos, publications, webpages and social media:
Start with the IRS Small Business Tax Center
- Virtual Small Business Tax Workshop
- Business Taxes for the Self-Employed
- Good Recordkeeping Helps Avoid Headaches
- Business Income
- Small Business and Self-Employed Tax Center
- Starting a Business
- Operating a Business
- Recommended Reading