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US Small Business Tax Compliance Index
by L. Kenway BComm CPB Retired
Published May 26, 2024 | Edited January 29, 2025
WHAT'S IN THIS ARTICLE
Introduction | Image Index | Table of Contents | Related Pages
Let me help you get all your ducks in a row!US Small Business Tax Compliance Resource
An Invitation
Hi. I'm so glad you've come to visit bookkeeping-essentials.com today. :0)
Bookkeeping-Essentials.com extends an invitation to small business owners and home-based bookkeepers in the U.S. to explore this resource created with you in mind.
This site was designed to be a bookkeeping resource for work from home business owners like YOU. So please, feel free to snoop, peek and poke about. I really hope you like what you find and come back often.
These are The Bookkeeper's Notes on U.S. small business tax information ... everything gathered in one place ... all relevant to YOU.
I look forward to chatting with you.
L.
IMAGE INDEX - Basic Tax Articles for U.S. Bookkeepers
US Small Business Tax Compliance
Table of Contents
An introduction to basic bookkeeping and tax compliance information for American small business owners.
U.S. Self-Employment Income (Sole Proprietors)
U.S. Self-Employment Income (Sole Proprietors)
Foundational Concepts
- Self Employment Income
- Cash Basis Accounting Criteria vs. Accrual Basis Accounting
Tax Obligations and Payments
- Self Employment Tax (Form 1040 Schedule SE)
- Estimated Tax Payments for Self-Employed (Form 1040-ES)
Business Deductions and Expenses
- U.S. Home Office Deduction: Two Options
- Sole Proprietorship Taxes: An Overview and Walkthrough December 13, 2024 (by Bench as I have not written anything on this topic yet.)
- What is Schedule C, and who needs to file one? January 3, 2025 (by Intuit as I have not written anything on this topic yet.)
Vehicle Related Business Expenses
- U.S. Rules for Business Use of Your Car
- Standard Mileage Rates Standard mileage rates are usually released by the IRS in early December each year
- Vehicle Depreciation Limits Bonus depreciation is usually released later
U.S. Employee Payroll Taxes
U.S. Employee Payroll Taxes
Payroll For A Small Business With Fewer Than 10 Employees | A Manual
CORE MANUAL
- Table of Contents and Manual Overview
- Part 1 - Payroll Setup and Management
- Part 2 - Payroll Tax Reporting and Compliance
- Part 3 - Payroll Operations Maintenance (coming soon)
- Reference Guide - Worker and Employment Tax Forms
SUPPORTING ARTICLES
Worker Classification Articles
- Independent Contractor or Employee - also discusses IRS Form 1099-MISC
- Form W-9, Form 1099-NEC, and Form 1096
- IRS Form 1099-NEC vs 1099-MISC vs 1099-K: What's The Difference
- FLSA vs IRS Independent Contractor Rules - They serve different purposes and therefore have some differences in their standards
Employee Payroll Fundamentals
- Employment Tax Forms W2, W3, W4, and I-9
- Employee Payroll Tax Rates - FICA
- Employee Payroll Tax Rates - FUTA
- Employee Payroll Tax Deposits - FICA & FITW (Form 941)
- Employee Payroll Tax Deposits - FUTA & SUTA (Form 940)
Additional Compensation
- Business Travel Allowances CONUS - please note that self-employed individuals are not eligible to use per diem rates. The same applies for individuals that own 10% plus of a company.
U.S. Small Business Tax Compliance Information
U.S. Small Business Tax Compliance Information
Tax Compliance Fundamentals
- Your Tax Compliance Responsibilities
- IRS Compliance Requirements includes a tip about late charges
- Introductory Payroll Course Information
Important Deadlines and Timing
- Business Taxes Filing Deadlines
- Payroll Tax Deposit Deadlines
- Income Tax Season - Business Taxes Filing Deadlines
- IRS Official Receipt Date
- IRS Moving Timelines for Tax Responsibilities
Interest Rates and Financial Information
IRS Interest Rates
- Applicable Federal Rates (AFR) released monthly
- Over Payment of Taxes Interest Rates released quarterly
- Under Payment of Taxes Interest Rates released quarterly
Business Planning Resources
From The Bookkeeping Forums
From The Bookkeeping Forums
The forums are now closed but here are some useful posts:
- Starting a Business in the U.S.
- Tax Calculators For The Self-Employed In The U.S. includes information on where you can find an excellent tax guide
- U.S. Tax Resources - how to find what you need from the U.S. government websites
- Non Residents of Canada - Cross Border Taxes
Other US Small Business Tax Compliance Articles
Latest IRS News For U.S. Work From Home Business Owners
Latest IRS news about on 2025 COLA & FICA and information of interest to U.S. business owners who do their own bookkeeping or work from home bookkeepers.
Setting Up and Managing Payroll | Manual For Fewer Than 10 Employees
Learn payroll setup and management for US small businesses with under 10 employees. Covers compliance, worker classification, documentation, and best practices.
U.S. Self-Employment Income | Self-Employment Tax
Self-employment income is subject to U.S. self-employment tax. You'll find information on estimated taxes, standard mileage rates and U.S. rules for business use of your car.
Comparing Regular vs. Simplified U.S. Home Office Deduction
There are two methods to calculate the home office deduction: Regular Method and Simplified Option. Let's take a look at who qualifies and how each method works.
FLSA vs IRS Independent Contractor Rules | DOL's Final Rule
The DOL's Final Rule and IRS have frameworks to determine whether an individual is an employee or an independent contractor, but they serve different purposes.
Payroll Tax Deposits | 7 Steps To Meet Your Requirements
This chat discusses IRS payroll tax deposits ... and withholding requirements. To help you meet your compliance obligations, you'll also find current tax remitting and filing due dates too!
Small Business Tax Information | U.S. Work From Home Business Owners
U.S. small business tax information helps small business owners learn their compliance responsibilities. Deadlines, IRS interest rates, payroll taxes, self-empl
Payroll for a Small Business Owner | Manual For Less Than 10 Employees
Small business payroll (under 10 employees) made easy. Essential tasks, W-2/1099 compliance, and practical tips. Learn and stay compliant!
U.S. Employee Payroll Taxes For Small Business Owners
U.S. employee payroll taxes information for work from home business owners. You'll find classification of employees, payroll tax deposits - FICA, FITW, FUTA, payroll tax rates, employment tax...
U.S. Employment Tax Forms | Yearend Guide For Small Business Owners
U.S. employment tax forms W2, W3, W4, I-9 and year-end payroll tasks. A small business owner's guide to closing out the year right.
Form 1099-NEC vc Form 1099-K vs Form 1099-MISC
Explains the IRS Form 1099-NEC vs 1099-MISC vs 1099-K. Understanding the differences, how to file the forms and what the deadlines are.
Payroll Tax Reporting and Compliance | Manual For Under 10 Employees
Simplify payroll compliance for your small business (under 10 employees). Avoid penalties. Part 2 of this manual covers W-2s, 1099s, year-end procedures, and...
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