Accounting for Non-Accountants -
Accounting for Non-Accountants is a 20-hour
strictly online accounting course that requires no
textbook or live instructor. It is a self-paced accounting tutorial
that can be taken 24/7 conveniently in your own home, office, or
from any computer that has access to the Internet.
Click here to view more details
EIN Employer Identification Number
The Employer Identification Number (EIN - also
known as Tax ID Number), is a nine-digit number issued to
businesses by the IRS. Obviously, a business that has
employees needs an EIN, but there are instances when all
business types and even individuals may need to get an EIN.
Who Needs an EIN
Keep in mind - EINs are not transferable, so if
you buy or sell a business you or the new owner will need to get
a new number. The IRS PDF file
Understanding your EIN explains all this in detail.
You need an EIN if:
• You have employees.
• Your business is
operated as a Partnership or Corporation.
• You're required to
file Employment, Excise, or ATF Tax Returns
• You withhold taxes
on income, other than wages, paid to a non-resident alien
• You have a Keogh
• You're involved in
certain organizations such as trusts, estates, & farmer co-ops
How to Get Your Tax ID Number
To apply for an EIN taxpayers will need to use the IRS
Form SS-4. You can apply for your EIN
by mail, phone, fax, or online (you complete the form online).
It'll take anywhere from a couple of hours to several weeks to get your
number depending on which method you choose to apply.
Tax Books for Small Business
Tax Savvy for Small Business [Paperback]
Develop the best tax plan for
your small business, learn the ins and outs of
the tax code and create comprehensive strategies
to get back the most from the IRS. Understanding
the tax system is vital to the health of every
small business. Virtually every decision a
business makes has tax consequences that can
affect its bottom line -- and the IRS is always