April 18 - Social Security, Medicare and Withheld Income Tax If the monthly deposit rule applies, deposit the tax for payments in March. April 18 - Non-Payroll Withholding If the monthly deposit rule applies, deposit the tax for payments in March. April 18 - Corporations The first installment of 2011 estimated tax of a calendar year corporation is due. April 18 - … [Read more...] about Due Date Reminders – Business – April 2011
Tax related
Due Date Reminders – Business
March 2011 March 15 - Corporations File a 2010 calendar year income tax return (Form 1120 or 1120-A) and pay any tax due. If you need an automatic 6-month extension of time to file the return, file Form 7004, Application for Automatic Extension of Time To File Certain Business Income Tax, Information and Other Returns, and deposit what you estimate you owe. Filing this … [Read more...] about Due Date Reminders – Business
Small Business Expenses 101
For small business owners, tax breaks often come in the form of tax deductions – which can offer a nice little instant cash savings – if you know how to navigate tax law and claim the deductions you deserve (not what you believe you are entitled to). Large tax deductions are a notorious red flag for the IRS, with home-based businesses, in particular, facing an increase in tax … [Read more...] about Small Business Expenses 101
Do Not Mix Your Business & Personal Bank Accounts!
Whether you are working on your business part-time, operating as a sole proprietor, or starting a business with a more formal structure (such as a partnership or corporation) – it’s vital that you keep your business banking separate from your personal finances. Keeping the two separate not only provides your business with credibility, it reduces your personal liability (a must … [Read more...] about Do Not Mix Your Business & Personal Bank Accounts!
Revising Your W-4? Seek Professional Advice.
Around the beginning of the year, employers typically ask their employees to provide new W-4s. You may have already done that. If you have updated your W-4 recently and did so without knowledge of the consequences, it may be appropriate to revisit the issue and have this office assist you in completing an appropriate W-4 that suits your unique circumstances. Owing money at the … [Read more...] about Revising Your W-4? Seek Professional Advice.