Stay on Top of Tax Requirements

Understand your tax obligations:

• Federal income tax
• Nebraska state income tax
• Omaha city taxes (e.g., restaurant tax, hotel occupancy tax)
• Sales and use tax
• Payroll taxes

Set up a system for tracking income, expenses, and tax-related documents:

• Consider using accounting software or hiring a bookkeeper
• Keep all receipts and financial records organized

Mark important tax deadlines on your calendar:

• Quarterly estimated tax payments
• Annual tax return filing dates
• W-2 and 1099 form submission deadlines

Stay informed about tax law changes:

• Subscribe to IRS and Nebraska Department of Revenue newsletters
• Consult with a tax professional regularly

File and pay taxes on time:

• Submit all required forms accurately and by their due dates
• Pay any owed taxes promptly to avoid penalties and interest

Consider working with a local tax professional:

• They can help ensure compliance with all applicable tax laws
• They can assist with tax planning strategies specific to Omaha businesses