IRS UNDERSCORES CRITICAL ROLE OF SMALL BUSINESSES, EXPANDS SUPPORT AND RESOURCES
THE PRESS CENTER | BREAKING NEWS | IRS
MAY 9 2026 AT 5:40 PM
The Internal Revenue Service announced a strengthened slate of resources, tools, and educational events designed to support America’s small business community during National Small Business Week, which runs through May 9.
For more than six decades, the U.S. Small Business Administration has used this week to recognize the entrepreneurs, innovators, and local employers who form the backbone of the nation’s economy. The IRS is joining that effort by spotlighting practical guidance that helps small business owners meet tax responsibilities, protect their operations, and build long‑term financial stability.
“Small businesses are a vital part of the American economy and a key driver for its success,” said IRS Chief Executive Officer Frank J. Bisignano. “During National Small Business Week, we are highlighting the practical resources to help business owners stay compliant, protect their operations, and make informed financial decisions.”
🔍 Daily Focus Areas for Small Business Owners
Throughout the week, the IRS is elevating several core topics essential to running a compliant, resilient, and well‑structured business.
- Avoid scams — Small businesses remain prime targets for identity theft, phishing attempts, and fraudulent schemes. Owners are encouraged to implement strong cybersecurity practices, train employees to recognize suspicious activity, and promptly report any threats to protect sensitive financial and payroll data.
- Best practices for business operations — Entrepreneurs should select the right business entity, secure an Employer Identification Number, maintain accurate and contemporaneous records, and work with qualified tax professionals. Staying current with filing and payment obligations reduces risk and strengthens financial credibility.
- Smart tax planning — Year‑round planning is essential. Business owners should understand available credits and deductions, make timely estimated tax payments, and ensure gig‑economy workers and independent entrepreneurs understand their unique tax responsibilities.
- Digital transformation tools — The IRS encourages businesses to adopt modern tools such as the Business Tax Account, secure messaging, and electronic filing options. These technologies streamline compliance, reduce errors, and provide faster access to account information.
- Preparedness and disaster planning — Businesses should maintain thorough records, safeguard critical assets, and use IRS resources that help with disaster readiness and recovery. Proper preparation can significantly reduce downtime after unexpected events.
📚 Year‑Round IRS Resources for Small Businesses
The IRS emphasized that support extends far beyond National Small Business Week. A variety of ongoing programs are available to help owners stay informed and compliant.
- Small business webinars — Covering topics such as business income, deductible expenses, and federal tax responsibilities. An upcoming session, Understanding Federal Taxes for Small Businesses, will be held Thursday, May 7, from 2–3:30 p.m. Eastern Time.
- Workshops, meetings, and seminars — Offered nationwide and virtually, these events help new and experienced business owners navigate tax rules and operational best practices.
- e‑News for Small Businesses — A free email subscription delivering timely updates, reminders, and actionable tips.
- Current tax tips — Regularly updated insights that help businesses stay ahead of regulatory changes and filing requirements.
- IRS.gov business resources — A comprehensive hub featuring guidance on topics such as standard mileage rates, payroll obligations, and digital tools for managing tax accounts.
Beyond its website, the IRS also shares educational content across YouTube, Facebook, X, LinkedIn, and Instagram, making information accessible wherever business owners prefer to learn.
SOURCE CREDIT: CNN.COM
