2014 Tax Planning for Small Business Owners

Welcome 2014! As the new year rolls around, it’s always a sure bet that there will be changes to the current tax law and 2014 is no different. From health savings accounts to retirement contributions and standard deductions, here’s a checklist of tax changes to help you plan the year ahead. Filing Season Delayed by 10 Days Taxpayers should note …

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QuickBooks Tune-Up

Whether you need to prepare for tax time, a financial review or you just need to clean up some problem areas, you’ll be prepared with a QuickBooks Tune-up.

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Tax Coaching Services

Get small-business specific strategies and concepts for saving tax and ongoing maintenance for changing tax laws.

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Small Business Accounting

Powerful accounting foundations for clients in Chalmette, Metarie, New Orleans and Slidell that help your small business grow and prosper!

Social Security wage base increases to $117,000 for 2014

The Social Security Administration has announced that the wage base for computing the Social Security tax (OASDI) in 2014 increases to $117,000 from $113,700, which was the wage base for 2013. The $3,300 increase, which is about 2.9%, is due to an increase in average total wages. The Federal Insurance Contributions Act (FICA) imposes two taxes on employers, employees, and …

May 2013 Small Business Tax Dates

Wed 1 Deposit payroll tax for payments on Apr 24-26 if the semiweekly deposit rule applies. Fri 3 Deposit payroll tax for payments on Apr 27-30 if the semiweekly deposit rule applies. Wed 8 Deposit payroll tax for payments on May 1-3 if the semiweekly deposit rule applies. Fri 10 Employers:  Employees are required to report to you tips of …

March 2013 Small Business Tax Dates

Mar. 1  Deposit payroll tax for payments on Feb. 23-26 if the semiweekly deposit rule applies. Farmers and Fishermen:  File Form 1040 and pay any tax due.  However, you have until Apr. 15  to file if you paid your 2012 estimated tax payments by Jan. 15, 2013. Mar. 6  Deposit payroll tax for payments on Feb. 27-Mar. 1 if the semiweekly …

February 2013 Small Business Tax Dates

Feb. 1-Deposit payroll tax for payments on Jan. 25-27 if the semiweekly deposit rule applies. Feb. 3– Deposit payroll tax payments on Jan. 28-31 if the semiweekly deposit rule applies. Feb. 8– Deposit payroll tax for payments on Feb. 1-3 if the semiweekly deposit rule applies. Feb. 10– Employers: Employees are required to report to you tips of $20 or …

January 2013 Small Business Tax Dates

Jan. 5- Deposit payroll tax for payments on Nov. 28-30 if the semiweekly deposit rule applies. Jan. 7- Deposit payroll tax for payments on Dec. 1-4 if the semiweekly deposit rule applies. Jan. 10- Employers:  Employees are required to report to you tips of $20 or more earned during November. Jan. 12- Deposit payroll tax for payments on Dec. 5-7 …

December 2012 Small Business Tax Dates

DECEMBER BUSINESS TAX DATES Dec 5- Deposit payroll tax for payments on Nov 28-30 if the semiweekly deposit rule applies. Dec 7- Deposit payroll tax for payments on Dec 1-4 if the semiweekly deposit rule applies. Dec 10- Employers: Employees are required to report to you tips of $20 or more earned during November. Dec 12- Deposit payroll tax for payments on …