IRS Offers New Small Business, Withholding Tools

July 9, 2001 ( - The IRS has posted a new withholding calculator on its Web site, as well as an enhanced small business section.

The new withholding calculator ( ) reflects the changes made to income tax rates that took effect on July 1, 2001. New Withholding Tables for 2001 in IRS Publication 15-T are also online at .

Small Stuff

The IRS’s Web site, The Digital Daily, now also has added a new section for small businesses and self-employed individuals. The new pages include:

  • answers to many basic tax questions,
  • a calendar of important tax deadlines,
  • online access to many IRS forms,
  • helpful tips to avoid common tax problems,
  • news and events specific to new businesses,
  • helpful links to non-IRS small business resources, and
  • industry-specific tax information for the construction and restaurant industries.

The Small Business and Self-Employed Community is on the IRS Web site at .