August 12 - Social Security, Medicare and Withheld Income Tax File Form 941 for the second quarter of 2013. 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 Withholding If … [Read more...] about August 2013 Business Due Dates
Tax related
Patient Protection and Affordable Care Act – Large Employer Mandatory Health Coverage
Beginning in 2015, large employers, generally those with 50 full-time employees in the prior calendar year, that Do not offer coverage for all their full-time employees, Offer minimum essential coverage that is unaffordable (employee contribution being more than 9.5% of the employee’s household income), or Offer minimum essential coverage where the plan’s share of the total … [Read more...] about Patient Protection and Affordable Care Act – Large Employer Mandatory Health Coverage
July 2013 Business Due Date Reminders
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 2012. 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 2013 Business Due Date Reminders
Tax Tips for the Well-traveled Businessperson
As you probably already know, food and lodging expenses can be deducted when you are away from home for business purposes. This may be particularly beneficial to self-employed individuals who travel extensively. Like everything in the tax law, there are certain rules to follow. Travel, meal, and entertainment expenses must be “ordinary” and “necessary” in carrying on your trade … [Read more...] about Tax Tips for the Well-traveled Businessperson
June 2013 Business Due Date Reminders
June 17 - Employer’s Monthly Deposit Due If you are an employer and the monthly deposit rules apply, June 17 is the due date for you to make your deposit of Social Security, Medicare and withheld income tax for May 2013. This is also the due date for the non-payroll withholding deposit for May 2013 if the monthly deposit rule applies. June 17 - Corporations Deposit the … [Read more...] about June 2013 Business Due Date Reminders