Article Highlights: Independent Contractor Cost Savings Penalties For Misclassification Primary Determining Factors Additional Determining Factors Requesting the IRS to Make the Determination Most business owners and executives tend to be financially conservative and preserve the cash of the business. This conservative approach frequently carries over to hiring … [Read more...] about Misclassifying Workers Can Be Costly!
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September 2014 Business Due Dates
September 15 - Corporations File a 2013 calendar year income tax return (Form 1120 or 1120-A) and pay any tax, interest, and penalties due. This due date applies only if you timely requested an automatic 6-month extension. September 15- S Corporations File a 2013 calendar year income tax return (Form 1120S) and pay any tax due. This due date applies only if you requested an … [Read more...] about September 2014 Business Due Dates
August 2014 Business Due Dates
August 11 - Social Security, Medicare and Withheld Income Tax File Form 941 for the second quarter of 2014. This due date applies only if you deposited the tax for the quarter in full and on time. August 15 - Social Security, Medicare and Withheld Income Tax If the monthly deposit rule applies, deposit the tax for payments in July. August 15 - Non-Payroll … [Read more...] about August 2014 Business Due Dates
July 2014 Business Due Dates
July 1 - Self-Employed Individuals with Pension Plans If you have a pension or profit-sharing plan, you may need to file a Form 5500 or 5500-EZ for calendar year 2013. Even though the forms do not need to be filed until July 31, you should contact this office now to see if you have a filing requirement, and if you do, allow time to prepare the return. July 15 - Non-Payroll … [Read more...] about July 2014 Business Due Dates
June 2014 Business Due Dates
June 16 - Employer’s Monthly Deposit Due If you are an employer and the monthly deposit rules apply, June 16 is the due date for you to make your deposit of Social Security, Medicare and withheld income tax for May 2014. This is also the due date for the non-payroll withholding deposit for May 2014 if the monthly deposit rule applies. June 16 - Corporations Deposit … [Read more...] about June 2014 Business Due Dates