Last month I received of
my first ever copy of the 2010
IRS Tax Calendar for Small Business and Self-Employed.
Half-expecting something akin to an accountant’s pocket book, I was pleasantly
surprised to find a full color, themed calendar stocked full of useful tools
and information for small business owners.
Given the tough year most
have endured, this freebie from the IRS is a practical resource that we can all
benefit and learn from. Here’s why:
Get your Arms Around the
Navigating the tax
year as a business owner is no mean feat, and whether you are a freelancer, start-up
or growing small business, the tax landscape is ever changing. This year has
been an uncommon one for many reasons —
the American Recovery and Reinvestment Act (ARRA) alone has introduced
several new tax provisions that directly impact small businesses.
For example, did you know
that the Recovery Act contains a provision that permits small business to
reduce their estimated tax payments from 110% of the previous year’s taxes to
The good news is that, not
only does the 2010 IRS Tax Calendar log the critical end-dates for many of the
provisions of the Recovery Act; it also explains them in plain language.
Your Business With the 2010 IRS Tax Calendar
More than just a
log of key business tax dates and regulatory reminders – this year’s calendar
is an essential business management tool for small business owners.
Featuring a gardening theme (yes, the IRS
wants us all to “cultivate and grow” our businesses), each month addresses a
full page of tips and advice on a whole variety of topics, including: choosing
a tax professional, reaping retirement rewards, your rights as a tax
payer, helpful clarification about
business expenses and deductibles, etc.
Available in both English
and Spanish, you can order your free copy of the 2010
IRS Tax Calendar for Small Businesses and Self-Employed
(click on link) directly from the IRS (shipping is also waived).
You can also view
the calendar online or download the electronic version
and integrate the information into Microsoft Outlook and iCal applications –
now there’s no excuse to miss your tax deadlines!
More Tools From the Tax
“Helpfulness” and “the tax
man” aren’t words that usually sit well together, so it’s a pleasant surprise to stumble upon a
variety of other resources from the IRS designed to help the small business
Here are just a few:
IRS Retirement Plans Navigator –
This new site from the IRS simplifies the process of choosing and managing a
retirement plan for small business owners by putting all the information you
need in one place. The site walks you through plan options for IRAs, 401(k)s,
profit sharing plans, and so on. Read more about the site in this article
from Small Business
Small Business Tax Center – This one-stop shop
online portal where the IRS partners with the Small Business Administration’s Business.gov
site to help small business owners stay abreast of tax requirements, tax
changes and more. The advantage of the site is that it spares busy
entrepreneurs the task of wading through a variety of government Web sites,
documentation and endless Web searches to find tax information that is relevant
to their business.
Small Business Tax
Training & Advice – Did you know that the IRS offers online
and in-person training and workshops to helps small business
owners understand their tax obligations? Of particular use during
tax season are these small business workshops
that are currently being held throughout the country. These sessions are
presented by IRS partners who are Federal Tax specialists and are a great
opportunity to get free advice from the pros.