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Small Business, Self-Employed, Other Business
Top Frequently Asked Questions for Small Business, Self-Employed, Other Business
- Can a husband and wife operate a business as a sole proprietorship or do they need to be a partnership?
- Must a partnership or corporation file a tax return even though it had no income for the year?
- What is the difference between a Form W-2 and a Form 1099-MISC?
- How do you determine if a worker is an employee or an independent contractor?
- As an employer, do I have any liability for Social Security and Medicare taxes if my employees receive tips but don't report them to me?
- If an employee claims more than 10 allowances on their Form W-4, does the employer have to report this to the IRS?
- Does a small company that operates as a sole proprietorship need a tax ID number?
- I am a sole proprietor and pay personal expenses out of my business bank account. Should I include the money used for personal expenses as part of my business income? Can I write these expenses off?
- For business travel, are there limits on the amounts deductible for meals?
- We hired a nanny to look after our baby while we work. How do we pay her Social Security taxes and properly report her income?
Frequently Asked Question Subcategories for Small Business, Self-Employed, Other Business
- Entities: Sole Proprietor, Partnership, Limited Liability Company/Partnership (LLC/LLP), Corporation, Subchapter S Corporation
- Form 1099-MISC & Independent Contractors
- Form W-2, FICA, Medicare, Tips, Employee Benefits
- Form W-4 & Wage Withholding
- Form SS-4 & Employer Identification Number (EIN)
- Forms 940, 941, and 944 Employment Taxes
- Income & Expenses
- Schedule C & Schedule SE
- Starting or Ending a Business