Wednesday, April 4, 2018

Ensure employees check their withwolding; Sharing Economy Tax Center

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e-News for Small Business April 4, 2018

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Issue Number:  2018-10

Inside This Issue

  1. Business owners: Ensure employees check their withholding
  2. Sharing Economy Tax Center

1.  Business owners: Ensure employees check their withholding


Business owners should remind employees to check their withholding and do a "paycheck checkup" following changes from the Tax Cuts and Jobs Act. Using the Withholding Calculator is the best way for employees to check that they aren't having too much or too little tax withheld from their paychecks.

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2.  Sharing Economy Tax Center


Small business owners that offer goods and services online may be part of the sharing economy. Activities such as ride sharing, freelancing, renting a spare bedroom and crowd funding are usually taxable. The IRS has a Sharing Economy Tax Center to help these taxpayers find the information they need to meet their tax obligations.

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Subject: Estimated tax payment due April 17; Sharing Economy Tax Center


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