March 15 - Social Security, Medicare and Withheld Income Tax If the monthly deposit rule applies, deposit the tax for payments in February. March 15 - Non-Payroll Withholding If the monthly deposit rule applies, deposit the tax for payments in February. March 15 - Corporations File a 2012 calendar year income tax return (Form 1120 or 1120-A) and pay any tax due. If you … [Read more...] about March 2013 Business Due Dates
March 2013 Individual Due Dates
March 1 - Farmers and Fishermen File your 2012 income tax return (Form 1040) and pay any tax due. However, you have until April 15 to file if you paid your 2012 estimated tax by January 15, 2013. March 11 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during February, you are required to report them to your employer on … [Read more...] about March 2013 Individual Due Dates
Does This Icon Make Me Look Fat?
Spring is a good time to clean up and slim down QuickBooks and its data. Depending on your location, you’re probably starting to see early signs of spring. The nicer weather and signs of new life seem to make people want to spruce up their surroundings. Now would be a good time, too, to clean up your accounting environment. Some of your screens may be unnecessarily cluttered. … [Read more...] about Does This Icon Make Me Look Fat?
Tax Tips for Recently Married Taxpayers
If you got married during 2012, here are some post-marriage tips to help you avoid stress at tax time. Notify the Social Security Administration − Report any name change to the Social Security Administration so that your name and SSN will match when filing your next tax return. Informing the SSA of a name change is quite simple. File a Form SS-5, Application for a Social … [Read more...] about Tax Tips for Recently Married Taxpayers
IRS Introduces New Safe Harbor Home Office Deduction
Effective for tax years beginning in 2013, taxpayers can elect a simplified deduction for the business use of the taxpayer’s home. The deduction is $5 per square foot with a maximum square footage of 300. Thus, the maximum deduction is $1,500 per year. Here are the details of this simplified method: Annual Election – A taxpayer may elect the safe-harbor method or the … [Read more...] about IRS Introduces New Safe Harbor Home Office Deduction