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 …
Between September 23, 2013 and November 22, 2013, Louisiana taxpayers will be able to officially apply for tax amnesty and submit payment for all tax periods that are outstanding. Secretary of the LDR, Tim Barfield says,  Ã‚ Ãƒ¢Ã¢â€š¬Ã…“This is the time for all Louisiana taxpayers to get a fresh start with their taxes. We have worked to make this process very …
It’s that time of year again along the Gulf Coast…hurricane season. Katrina taught us all to have plans made in advance for evacuation…it also taught us to have our records and important documents safely secured. Here are 5 tips from the IRS to help protect your important records in case of a hurricane or natural disaster. Back up records electronically …
âہ“ I sure would like to write off my vacation.â€Â This is a common thought among the self-employed as well as the employee. As long as your expenses are necessary and ordinary for your business or trade, you can deduct them, or portions of them. These expenses include round-trip travel expenses and the cost of education for improving or maintaining …
 The 2013 Louisiana Hurricane Preparedness Sales Tax Holiday is May 25 and May 26! On these 2 days, eligible purchases will be exempt from the 4% state sales tax. This exemption applies to the first $1500 of the purchase price of each item. Eligible items include: self-powered light sources, such as flashlights and candles batteries(AAA,AA,C,D,6volt, 9volt)Automobile batteries are ineligibile cellular …
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 …
One of the most valuable business deductions, yet most overlooked deductions, is the home office. Often business owners fail to claim their home office because keeping track of the expenses is time consuming and because they are afraid it sends a  “red flag” to the IRS. Did you know that the IRS has released new guidelines for deducting your home …
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 …
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 …
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 …
