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  • Advocacy
    • SDRA Advocate
    • Legislative Tracker
    • Video Updates
    • Legislative Lineup
    • Political Donations
    • Legislative Research Council
    • State Agency Rules
  • Education
    • ServSafe Training
    • ServSuccess Training
    • ProStart
    • Scholarships
    • Seminars & Webinars
  • News & Events
    • News
    • Calendar
    • Special Events
  • Business Resources
    • Workforce
      • Employer Resources
      • Training and Credentials
    • COVID-19 Resources
      • Protecting Your Business
      • COVID-19 Business Q&A
      • Workplace and Employees
    • Retail Prophet Magazine
    • Tax Information
      • Sales Tax Report Municipal
      • Sales Tax Report State
      • IRS Tax Information
    • Build Your Business
  • Membership
    • Join Us!
    • Member Services
    • Membership Awards
    • Member Directory
    • Member Login
  • About Us
    • Our Team
    • Board of Directors
    • Where It All Started
      • Past Presidents
    • Sponsorship Opportunities
    • Contact Us
  • Online Retail Journal

IRS News & Resources for Businesses

December 2020 Edition:
Highlights include:
  • Get Ready for Taxes: Steps to take now to make tax filing easier in 2021
  • IRS makes it easier to set up payment agreements; offers other relief to taxpayers struggling with tax debts
  • Reminder to all taxpayers: Gift cards are not used to make tax payments

November 2020 Edition:
Highlights include:
  • Taxpayers who need last year’s tax return have several options
  • Business owners should visit IRS.gov for help with tax actions when closing a business
  • See Updates on PPP loans on the last page

October 2020 Edition
Highlights include:
  • See the Small Business Week page on IRS.gov for news releases, tax tips, and Social Media.
  • IRS expands tax help into more languages; Form 1040 offered in Spanish and more services, information available in multiple languages
  • How people can reconstruct records lost in a natural disaster

September 2020 Edition
Highlights include:
  • Unemployment compensation is taxable; have tax withheld now and avoid a tax-time surprise
  • Deferral of employment tax deposits and payments through December 31, 2020
  • Earning side income: Is it a hobby or a business?
  • Financial safety is an important part of disaster preparedness

August 2020 Edition
Highlights include:
  • Free tax content you can share: Outreach Connection
  • IRS advice for those who missed the July 15 deadline, file now to avoid bigger bill
  • From the SBA:  Beware of Scams and Fraud Schemes

July 2020 Edition
Highlights include:
  • IRS warns against COVID-19 fraud; other financial schemes
  • Flowchart helps employers understand new tax credits
  • IRS outlines changes to health care spending available under CARES Act
  • Who qualifies for which new employer tax credit?

June 2020 Edition
Highlights include:
  • IRS provides tax relief through increased flexibility for taxpayers
  • Get My Payment FAQs
  • New credits fund employers for Coronavirus-related paid leave
  • New Employee Retention Credit helps employers keep employees on payroll

May 2020 Edition
Highlights include:
  • Coronavirus Tax Relief and Economic Impact Payments 
  • Coronavirus Tax Relief for Businesses and Tax-Exempt Entities 
  • Employee Retention Credit available for many businesses financially impacted by COVID-19 
  • Tax Credits for Paid Sick and Paid Family Leave

April 2020 Edition
Highlights include:
  • Coronavirus Tax Relief
  • If you get a call, text, or email saying they need information in order to send you the economic impact payment, it’s a scam! 
  •  Employee Retention Credit
  • The Families First Coronavirus Relief Act FAQ

March 2020 Edition
Highlights include:
  • Get a copy for your SSA-1099 online
  • Gathering records before preparing tax return makes filing go smoother
  • Newly-revised IRS publication explains tax benefits for members of the military
  • Work Opportunity Tax Credit extended to January 2021

February 2020 Edition
Highlights include:
  • IRS helps workers, businesses with new Gig Economy Tax Center
  • IRS issues 2019 annual report; highlights program areas across the agency
  • The Taxpayer First Act page on IRS.gov has been updated. Check it out!
  • From the Federal Trade Commission: Small Business Cybersecurity: Protect Your Small Business

January 2020 Edition
Highlights include:
  •  The final version of the 2020 Form W-4, Employee’s Withholding Certificate
  •  New downloadable assistant helps small businesses withhold the right amount of income tax
  • New filing addresses for Form 941, employer’s quarterly federal tax returns
  •  Tax Information For Businesses
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