A “growing business” is usually one that has been in operation for one to five years with increasing sales and/or customers. An “established business” is one that has been in operation for at least ten years. DWD’s tax professionals are experienced in guiding business owners through the issues related to the on-going operations, sale, succession or liquidation of a business.
Whether your business is growing or established, you need to consider certain issues to help ensure its continued success. If this is your situation, you may be interested in visiting the Internal Revenue Service’s pages on various topics related to operating a business. If you wish to sell your business, need to declare bankruptcy or are ready to retire, you’ll find the topics on the IRS’s website related to closing a business of interest.
Below are links to pages on the Internal Revenue Service website that provide useful information for business owners:
Operating a Business
Topics:
- Accounting Periods and Methods
- Avoiding Problems
- Business Expenses
- Business Name Change
- Business Tax Credits
- Businesses with Employees
- Change in Business Structure
- Employer ID Number (EIN)
- Estimated Taxes
- Filing and Paying Taxes
- Intangible Property
- Recordkeeping
- Small Business Resources
- What is Taxable and Nontaxable Income?
Closing a Business
Topics:
- Closing a Business Checklist
- Declaring Bankruptcy
- Selling a Business
- Income and Expenses
- Terminating a Retirement Plan
Contact us for more information on DWD's services for growing and established businesses.