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Understanding the Tax Implications of Starting a New Business

Are you thinking of starting up a new business? Among the many things to think about, below are some tips from the IRS.

  • Choose a business structure.
  • Choose a tax year.
  • Apply for an employer identification number.
  • Have employees sign Forms I-9 and W-4.
  • Pay business taxes.
  • Visit state’s website.

Click here to read more about these tips.

Source: Internal Revenue Service