Press Releases: Government to Business
January 10, 2007
Business.gov Provides Federal Forms for Employers Facing January Tax Reports
Helps Businesses Save Time and Money on Tax-Related Tasks
Washington, DC - Each January businesses bear responsibility for preparing W-2s and other tax-related employer tasks, an especially challenging duty for small businesses with fewer resources than larger businesses. Self-employed business owners also face their final estimated tax payment in January. Business.gov, the official business link to the U.S. government, provides federal form searches so visitors may quickly find and download U.S. federal tax forms and guides.
“January may be a stressful time for a business owner, and one of Business.gov’s goals is to ease the burden of federal compliance on businesses and make it easier to comply with regulations,” said SBA Administrator Steven C. Preston.
The Business.gov Web site will save businesses time and money in locating the forms and guidance they need as well as searching the government for compliance resources. Failure to comply with employer tax requirements and reporting may result in fines, legal action or business closure. The estimated cost of compliance with the federal tax code for businesses is over $102 billion nationwide. Business.gov provides compliance searches to locate specific tax forms and other compliance related documents to reduce this cost.
Grant F. DeMeritte, Tax Compliance Manager, Howard Hughes Medical Institute added, “Business.gov provides a great search engine for easily finding federal forms you need along with the correct federal agency. It is truly a one-stop resource for business compliance.”
Businesses can log onto www.business.gov and get direct access to the U.S. Government’s Official Hub for Federal Forms by searching by form number or keyword in a catalog of 5,400 business and citizen forms. For example, businesses can search for W-2 forms, wage and tax statements, or employment eligibility verification and W-4 forms. Visitors may also view how-to topics on federal and state taxes in the Business Resource Library located on the site, such as how to apply for a tax ID number.
Business.gov is managed by the U.S. Small Business Administration in partnership with 21 other federal agencies and is part of the President’s Management Agenda. Originally launched in 2004, the Web site provided information on starting, growing, and managing a small business. The new compliance focus is designed to better meet the needs of the business community, based on feedback from test groups.