Pay Taxes You know what they say about death and taxes.  If you generate income, own property, buy goods, or hire employees, you will most likely have to pay taxes.  Many resources are available when it comes to understanding taxes.  It is important to the success of your business that you pay only your fair share. Taxes Overview EIN Payroll Taxes Federal Taxes Self-Employment Tax Self-employment tax is a Social Security and Medicare tax for individuals who work for themselves, similar to Social Security and Medicare taxes withheld from the pay of wage earners. Social Security benefits are available to self-employed persons just as they are to wage earners. Like federal income tax, self-employment taxes are paid through quarterly estimated tax payments. For more detailed information on self-employment tax, refer to IRS Publication 533 (PDF file), Self-employment Tax. State Taxes Every state levies some form of tax on small businesses, but in some states some business structures (especially sole proprietorships) have little to no tax imposed. To learn more about tax structures in any given state, visit the Business Owner’s Toolkit site or a list of taxing authorities in each state. Local Taxes Local authorities may tax personal property like machinery, equipment, furniture, supplies, leased equipment, and even movable machinery used in a business. Some cities and municipalities also levy income taxes on any business operating within their borders. Your county government or local municipality can provide information about the specific taxes that apply in your area and instructions for registering your business. Adjustments to Income Basis of Assets, Depreciation FAQs Collection FAQs Electronic Filing and Tele-file FAQs General Information FAQs IRS Notices and Letters FAQs IRS Procedures FAQs Internal Revenue Service (IRS) FAQs Itemized Deductions FAQ Magnetic Media Filers, Form 109 FAQs Tax Computations FAQs Tax Credits FAQs Types of Income FAQs IRS e-file Options for Businesses Electronic filing and payment options for businesses, including employment taxes, information returns, partnerships, corporations, and estates and trusts. Where to File Order Employer Tax Forms Order tax forms online with the Internal Revenue Service. Pay Federal Taxes Online Pay your federal business taxes electronically with this free service from the Treasury Department. Additional Information on Taxes	Home . Compliance Assistance . FirstGov Agency List SEARCH Find Forms Advanced Search Business Laws Employees Finances Government Contracting International Trade Research and Resources Special Entrepreneurs Taxes Training Working Environments Need to replace seasonal summer help? Learn how to find and keep good employees. Hiring Procedures Managing Employees Employing Minors
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