October 15 - Electing Large Partnerships File a 2011 calendar year return (Form 1065-B). This due date applies only if you were given an additional 6-month extension. March 17 was the due date for furnishing Schedules K-1 or substitute Schedule K-1 to the partners. October 15 - Social Security, Medicare and withheld income tax If the monthly deposit rule applies, deposit … [Read more...] about October 2012 Business Due Dates
October 2012 Individual Due Dates
October 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during September, you are required to report them to your employer on IRS Form 4070 no later than October 10. Your employer is required to withhold FICA taxes and income tax withholding for these tips from your regular wages. If your regular wages are insufficient … [Read more...] about October 2012 Individual Due Dates
QuickBooks 2013 Gives You A Reason To Upgrade
Tired of QuickBooks' cramped, claustrophobic screens and uneven interface? You'll be pleased to see the 2013 version. You chose QuickBooks for a variety of reasons, a major one being its simplicity and usability. But the software is more than 20 years old now, and hundreds of features have been added over the years. QuickBooks looks old, tired and in need of a makeover. Not … [Read more...] about QuickBooks 2013 Gives You A Reason To Upgrade
When Should You Start Taking Social Security?
A question frequently asked by individuals who are approaching the age at which they can draw Social Security benefits is, “At what age should I begin taking my benefits?” To make an informed decision, a number of issues should be considered, including how doing so affects your benefits, what the tax ramifications are, the historical longevity of your family, and your … [Read more...] about When Should You Start Taking Social Security?
What’s Best, Tax-Free or Taxable Interest Income?
A frequent taxpayer question is whether it is better to invest for tax-free or taxable interest. Generally, taxable interest will provide a greater return, but this may not hold true after taking into account taxes on the income. Therefore, the question is really which provides the greater "after-tax" return. Making a decision will take on another layer of complexity for … [Read more...] about What’s Best, Tax-Free or Taxable Interest Income?