Taxes and Employees
There are a jumble of tax rules and regulations that every small business owner must contend with. The following questions address the most basic tax issues:
Have you established what your fiscal year will be for tax purposes?
Do you need a federal employer tax identification number?
Do you know all the types of taxes you will have to pay?
Yes
No
Growing your business usually means hiring employees. If you plan on expanding, answer the following questions:
How many employees do you have, including yourself?
How many employees do you expect to have in:
1 year
3 years
5 years
Are you following state and federal employee regulations?
Don't Know
Do you need workers' compensation insurance?
Done
