Having trouble viewing this email? View it as a Web page.

Recap of National Small Business Week 2023

This special edition recaps information from National Small Business Week held April 30 through May 6, 2023. The Internal Revenue Service featured useful tax-related tools and resources to help small business owners, employers and self-employed individuals succeed.

National Small Business Week is an annual effort led by the Small Business Administration to recognize the hard work, ingenuity and dedication of America's small businesses and to celebrate their contributions to the economy. To support the special week, the IRS has a variety of resources available for small business owners to help them understand and meet their tax responsibilities. 

Related news release: IRS highlights information and free resources in recognition of National Small Business Week

Related fact sheet: Upcoming IRS improvements for small business owners 

Related tax tip: Hobby or business: here’s what to know about that side hustle

IRS encouraged small businesses to take advantage of the numerous resources available on IRS.gov.

Related news release: National Small Business Week: IRS.gov offers A–Z resources for small business

Related tax tip: Online learning opportunity for small business owners

Related ready-to-use article: IRS tools and resources to help small businesses

Related e-Posters:

• Tools & Resources for Small Businesses 
• Free Small Business Virtual Tax Workshop 

The Employee Retention Credit (ERC) is a valuable credit for those who qualify but claiming it improperly could result in taxpayers having to repay the credit along with potential penalties and interest.

Businesses should be wary of advertised Employee Retention Credit schemes and direct offers promising tax savings that are too good to be true.

Related tax tip: Employers: Watch out for Employee Retention Credit schemes

Related ready-to-use article: Beware of Employee Retention Credit scammers

Related e-poster: Small Businesses & Tax-Exempt Organizations: Beware of Tax Credit Scams! 

Other tax benefits: The IRS urged business taxpayers to begin planning now to take advantage of tax-saving opportunities and get ready for reporting changes that take effect in 2023.Related news release: National Small Business Week advice from the IRS: Plan now to take advantage of new and existing tax benefits, prepare for reporting changes

Related tax tips:

• The Work Opportunity Tax Credit helps businesses that hire from eligible groups
• What taxpayers should do when they receive Form 1099-K

Related ready-to-use articles:

• Businesses and tax-exempt organizations may qualify for the new Commercial Clean Vehicle Credit
• Why you might receive a Form 1099-K

Related e-Posters:

• More taxpayers will be receiving Form 1099-K, Payment Card Third Party Network Transactions
• Credit for Commercial Clean Vehicles 

More information

Visit these pages on IRS.gov to get materials and information you can use in your tax practice or community:

• Outreach Connection. Tax content tailored to individuals, businesses and tax exempt entities you can include in your communications.
• Tax Professionals.  Information for Tax Professionals. Access to online tools, register or renew your PTIN, apply for an EFIN and more.
• e-News subscriptions: The IRS offers several e-News subscriptions on a variety of tax topics. Subscribe to receive emails on topics of importance to you: 

• e-News for Small Businesses
• e-News for Payroll Professionals
• e-News for Tax Professionals