October 15 - Electing Large Partnerships File a 2012 calendar year return (Form 1065-B). This due date applies only if you were given an additional 6-month extension. March 15 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 2013 Business Due Dates
Tax related
Don’t Overlook the Credit for Small Employer Health Insurance Premiums
Article Highlights Small employers get a tax credit for providing a health insurance plan. Credit can be as much as 35% of the premiums paid. A small employer is one with no more than 25 full-time equivalent employees (FTE) with average wages less than $50,000. Self-employed individuals, including partners and sole proprietors, 2% shareholders of an S corporation, and 5% … [Read more...] about Don’t Overlook the Credit for Small Employer Health Insurance Premiums
Affordable Care Act Employer Letter Requirement
Article Highlights Employers must give employees health care notification. Affects employers with one or more employees and a gross income of $500,000 or more. Notices due October 1, 2013. New Employees must be notified within 14 days. Beginning Oct. 1, any business with at least one employee and $500,000 in annual revenue must notify all employees by letter about the … [Read more...] about Affordable Care Act Employer Letter Requirement
September 2013 Business Due Dates
September 16 - Corporations File a 2012 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 16 - S Corporations File a 2012 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 2013 Business Due Dates
Tips for Employers Who Outsource Payroll Duties
Many employers outsource their payroll and related tax duties to third-party payers such as payroll service providers and reporting agents. Reputable third-party payers can help employers streamline their business operations by collecting and timely depositing payroll taxes on the employer’s behalf and filing required payroll tax returns with state and federal … [Read more...] about Tips for Employers Who Outsource Payroll Duties