Publication 583 |
2001 Tax Year |
What New Business Owners Need To Know
As a new business owner, you need to know your federal tax
responsibilities. Table 1, below, can help you learn what
those responsibilities are. Ask yourself each question listed in the
table, then see the related discussion to find the answer.
In addition to knowing about federal taxes, you need to make some
basic business decisions. Ask yourself:
- What are my financial resources?
- What products and services will I sell?
- How will I market my products and services?
- How will I develop a strategic business plan?
- How will I manage my business on a day-to-day basis?
- How will I recruit employees?
The Small Business Administration (SBA) is a federal agency
that can help you answer questions such as those listed above. For
information on how to contact the SBA, see page 24.
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