Latest IRS Updates and News Releases
Register Now! SBA’s JumpStart Week is May 16-20
Join us for more than 15 workshops next week. Space is limited and JumpStart workshops historically fill up quickly so register today to secure your seat.
May 16 | Networking: Kick off the week with three sessions to help improve networking skills
May 17 | The Basics: Building a strong foundation for your business with four different events
May 18 | Money: Four sessions to help you find financing and manage your money
May 19 | Market: Make your market explode with tips from experts in four engaging sessions
May 20 | Digital: Dive into e-commerce and social media with four cutting-edge sessions
Every day next week from 11:30 a.m. to 12:30 p.m. there will also be an open Meet & Greet with SBA Resource Partners. Feel free to bring your lunch or grab something nearby while you network with other entrepreneurs and local organizations who can help your business start and grow. Registration is not required for daily lunch hour meet & greet.
Join us for a half-day program on Cybercrime and Cyber Security. Hear from experts in the field on global trends, regional impacts, and how to protect your business.
- Learn about shifts in the cyber security industry as technology moves to the cloud
- Get the latest updates on global and regional policy, legislature, and initiatives
- Find out how to prevent, detect, and prosecute cybercrime in business
Thursday, May 26 -- 8:00-11:30 am
Lakewood City Hall Council Chamber
6000 Main St SW, Lakewood, WA 98499
Register here: http://www.seattlechamber.com/home/events/events-detail/2016/05/26/default-calendar/cybercrime-forum?regtype=non-member
Small Business Administration Workshops
SBA offers a variety of workshops, some online and others in person.
Seattle - Free Workshop Thursdays – May 26
Seattle - Free Workshop Thursdays – June 9
Business Lunch Series: Small Biz Owner’s Tax Workshop -- June 22 - 12:00 pm - 3:00 pm
SCORE offers workshops designed to give you the skills necessary to start your own successful business.
June 1 -- Starting a New Business
July 21, Aug 5 – Understanding Financial Statements
There are also a number of online workshops available: https://seattle.score.org/onlineworkshops/tab-a
IRS Updates & News Releases:
Did you know? One of the best ways to get information is by visiting the IRS Small Business Tax Center where you can learn everything from how to get an Employer Identification Number (EIN) online to how to best navigate an audit.
Landscapers and Gardeners: Tax Help is Just a Click Away
The IRS recognizes Small Business Week May 1–7 by highlighting some of its most popular educational products, videos and webinars to help your small business thrive. If you are a self-employed landscaper or gardener, be sure to view the IRS webinar “Business Taxes for the Self-Employed: The Basics.” Here are some topics included in the webinar or on IRS.gov that you should know:
Beauty and Barber Shops Can Get Help at IRS.gov
The IRS recognizes Small Business Week May 1–7 by highlighting some of its most popular educational products. If you are self-employed, visit IRS.gov for all your tax needs. Knowing the tax rules can help your business start, grow and succeed. For example, see IRS Publication 4902, Tips for the Cosmetology and Barber Industry. Here are some of the topics included in this booklet or detailed on IRS.gov:
IRS User Fee Program
Federal law and policy requires agencies, including the IRS, to charge a user fee to recover the cost of providing certain services to the public that confer a special benefit to the recipient.
IRS Regulations Provide Guidance for New Voluntary Certification Program; Application Process for Professional Employer Organizations Opens July 1
The Internal Revenue Service today released temporary and proposed regulations implementing a new voluntary certification program for professional employer organizations (PEOs). The regulations, available in the Federal Register, carry out legislation enacted in late 2014 requiring the IRS to establish a voluntary certification program for these organizations. PEOs handle various payroll administration and tax reporting responsibilities for their business clients and are typically paid a fee based on payroll costs. To become and remain certified under the new program, PEOs must meet tax status, background, experience, business location, financial reporting, bonding and other requirements described in the regulations.
May 16 Is Filing Deadline for Many Tax-Exempt Organizations; Do Not Include Social Security Numbers or Personal Data
The Internal Revenue Service reminds tax-exempt organizations that many have a filing deadline for Form 990-series information returns in mid-May. With the May 16 filing deadline facing many tax-exempt organizations, the IRS cautioned these groups not to include Social Security numbers (SSNs) or other unneeded personal information on their Forms 990, and consider taking advantage of the speed and convenience of electronic filing.
Health Care Tax Tips
Check out the tax tips for your health care questions on this page.
Employers and Coverage Providers: New Webinar Explains Correcting Information Returns
Why Employers Need to Count Employees
Tax Season is Over – It’s Time for a PTC Check-up
Employers and Coverage Providers: Access Webinars to Learn about ACA Provisions
Small Business Health Options Program (SHOP) Marketplace
The Small Business Health Options Program (SHOP) Marketplace helps small businesses provide health coverage to their employees. The SHOP Marketplace is open to employers with 50 or fewer full-time equivalent employees (FTEs). This includes non-profit organizations. You can enroll in SHOP any time of year - there’s no restricted enrollment period. For more information, visit HealthCare.gov.
The Affordable Care Act and Employers
Information on Key Tax Provisions Affecting Employers