Archive for March, 2006

Retirement Plans for Small Businesses

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For many small business owners, just making your financial obligations month-by-month is difficult. But as your business grows and becomes more profitable, it’s time to start thinking about saving some of that profit towards your retirement.

The IRS has a guide to help define the different types of retirement plans and how they affect your taxes. Publication 560, Retirement Plans for Small Businesses will help you wade through the information and select the right retirement plans for you (and your employees):

http://www.irs.gov/pub/irs-pdf/p560.pdf

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Category: Business Strategy & Planning

IRS Tax Site for Businesses

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March 15 is typically the annual tax deadline for many small businesses in America, and with the sole proprietorships and LLC deadline (April 15), you need all the business tax advice you can get.

The Internal Revenue Service (IRS) has set up a tax page for businesses, which you might find helpful:

http://www.irs.gov/businesses/index.html

The page specifically for small businesses and the self-employed is here:

http://www.irs.gov/businesses/small/index.html

And for those of you who work from home, this Publication 587, Business Use of Your Home is invaluable (in PDF format):

http://www.irs.gov/pub/irs-pdf/p587.pdf

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Category: Business Strategy & Planning