From the course: Business Tax Foundations
Unlock the full course today
Join today to access over 22,600 courses taught by industry experts or purchase this course individually.
EIN numbers and setting up to pay taxes
From the course: Business Tax Foundations
EIN numbers and setting up to pay taxes
- [Instructor] Employer Identification Numbers, or EINs, are the first step in becoming a more professional business. These days most firms have to record and report major payments they make to other parties, and that means unless you have an EIN, you're going to have to give out your social security number a lot. For instance, if you operate a construction firm supplying carpet installation, you'll have to either give every builder you work for your social security number or give them an EIN. The EIN avoids the risks associated with having lots of people know your social security number. You will also need an EIN in order to set up a business banking account. So let's take a look at how you can get an EIN for your firm. Now, I'm here at the IRS's website for registration for EINs. If you're not familiar with this site, you can find it just by googling EIN registration. So once we've done that, we're going to go through and begin our application. Now we need to choose which corporate…
Practice while you learn with exercise files
Download the files the instructor uses to teach the course. Follow along and learn by watching, listening and practicing.
Contents
-
-
-
Business taxes 1014m 36s
-
(Locked)
EIN numbers and setting up to pay taxes5m 21s
-
(Locked)
Registering and using EFTPS2m 22s
-
(Locked)
Filing 941 interim payment reports5m 9s
-
(Locked)
Quarter-end 941 forms5m 23s
-
(Locked)
Quarterly 941 reconciliation4m 26s
-
(Locked)
What is SUTA or SUI?3m 22s
-
(Locked)
SUTA: Reducing your rate4m 7s
-
(Locked)
Filing SUTA: The big quarterly hit4m 1s
-
(Locked)
Filing FUTA: The little quarterly hit2m 57s
-
-
-
-
-