Tax related

March 15 - Social Security, Medicare and Withheld Income Tax If the monthly deposit rule applies, deposit the tax for payments in February. March 15 - Non-Payroll Withholding If the monthly deposit rule applies, deposit the tax for payments in February. March 15 - Corporations File a 2012 calendar year income tax return (Form 1120 or 1120-A) and pay any tax due. If you … [Read more...] about March 2013 Business Due Dates

February 11 - Non-Payroll Taxes File Form 945 to report income tax withheld for 2012 on all non-payroll items. This due date applies only if you deposited the tax for the year in full and on time. February 11 - Social Security, Medicare and Withheld Income Tax File Form 941 for the fourth quarter of 2012. This due date applies only if you deposited the tax for the quarter in … [Read more...] about February 2013 Business Due Dates

January 15 - Employer’s Monthly Deposit Due If you are an employer and the monthly deposit rules apply, January 15 is the due date for you to make your deposit of Social Security, Medicare and withheld income tax for December 2012. This is also the due date for the nonpayroll withholding deposit for December 2012 if the monthly deposit rule applies. employment tax deposits … [Read more...] about January 2013 Business Due Dates

December 17 - Social Security, Medicare and Withheld Income Tax If the monthly deposit rule applies, deposit the tax for payments in November. December 17 - Nonpayroll Withholding If the monthly deposit rule applies, deposit the tax for payments in November. December 17 - Corporations The fourth installment of estimated tax for 2012 calendar year corporations is … [Read more...] about December 2012 Business Due Dates

When looking for deductions to add to your taxes, don’t overlook your meal and entertainment expenses.  These types of expenses must be “ordinary” and “necessary” to your business or trade and must be “directly related to” or “associated with” the active conduct of business. In order for the IRS to allow these deductions, documentation is required and should include the … [Read more...] about Keep Track of Meal & Entertainment Expenses