There are an abundant number of provisions that provide tax relief to small businesses this year. Just so that you don’t overlook any of these benefits, or in case your business would like to position itself to take advantage of some before the close of the year, here is a brief rundown on many of the business benefits that are available for 2011. Some of these provisions are … [Read more...] about Business Benefits Abound This Year
Year-End Tax-Planning Moves for Businesses & Business Owners
We have compiled a checklist of actions based on current tax rules that may help you save tax dollars if you act before year-end. Regardless of what Congress does late this year or early next, solid tax savings can be realized by taking advantage of tax breaks that are on the books for 2011. For individuals, these include: the option to deduct state and local sales and use … [Read more...] about Year-End Tax-Planning Moves for Businesses & Business Owners
Year-End Tax Planning Moves for Individuals
We have compiled a checklist of actions based on current tax rules that may help you save tax dollars if you act before year-end. Regardless of what Congress does late this year or early next, solid tax savings can be realized by taking advantage of tax breaks that are on the books for 2011. For individuals, these include: the option to deduct state and local sales and use … [Read more...] about Year-End Tax Planning Moves for Individuals
November 2011 Business Due Dates
November 10 - Social Security, Medicare and Withheld Income Tax File Form 941 for the third quarter of 2011. This due date applies only if you deposited the tax for the quarter in full and on time. November 15 - Social Security, Medicare and Withheld Income Tax If the monthly deposit rule applies, deposit the tax for payments in October. November 15 - … [Read more...] about November 2011 Business Due Dates
November 2011 Individual Due Dates
November 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during October, you are required to report them to your employer on IRS Form 4070 no later than November 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 … [Read more...] about November 2011 Individual Due Dates