June 1- Deposit payroll tax for payments on May 26-29 if the semiweekly deposit rule applies. June 6- Deposit payroll tax for payments on May 30-Jun 1 if the semiweekly deposit rule applies. June 8- Deposit payroll tax for payments on Jun 2-5 if the semiweekly deposit rule applies. June 11- Employers: Employees are required to report to you tips of …
Two things happen when you, a seller, offer credit to your vendors or customers: you raise your potential to increase revenue or you increase your chances for potential loss. By extending credit, your buyers will appreciate the convenience, as well as the ability to pay the debt at a later date. On the flip side of this appreciation, is that some of your customers may not pay …
May 2- Deposit payroll tax for payments on Apr 25-27 if the semiweekly deposit rule applies. May 4- Deposit payroll tax for payments on Apr 28-May 1 if the semiweekly deposit rule applies. May 9- Deposit payroll tax for payments on May 2-4 if the semiweekly deposit rule applies. May 10- Employers: Employees are required to report to you tips of $20 …
“You’re being audited” is probably on just about everyone’s Top 10 List of Most Dreaded Things to Hear! But, there are 7 ways to lower your risk of being flagged by the IRS for an audit. And believe it or not, they are pretty basic things to do. 1. Do NOT round numbers on your tax return. It’s better to …
While many Americans will be getting a tax refund this year, many will be getting a tax bill from the IRS. These lucky people will owe the IRS money and many will be unable to pay the entire bill. What should these people do? There are several options that the IRS offers in this situation. In some situations, leniency is …
April 2- Electronically file Forms W-2, W-2G,1098, 1099, and 8027. April 4- Deposit payroll tax for payments on Mar 28-30 if the semiweekly deposit rule applies. April 6- Deposit payroll tax for payments on Mar 31-Apr 3 if the semiweekly deposit rule applies. April 10- Employers:Employees are required to report to you tips of $20 or more earned during March. April …
Here’s a cute joke about our topic for the day: What do accountants suffer from that ordinary people don’t? Depreciation. The definition of depreciation according to Webster’s Dictionary is: 1: A reduction in value, writing down the capital value of an asset over a period of time in a company’s accounts. Source: European Union. 2: The decline in the value …
As a merchant, you do not have to report credit card income if it less than $20,000 for the year and the total number of transactions is less than 200. However, banking institutions and other financial service providers must report the total gross amount for credit and debit cards for the year for every merchant. So, this means, that as a …
As a small business owner you may be wondering which software you should use to do your bookkeeping. As you walk down the aisles of any office supply shop or computer store you may notice that there are several programs from which to choose. There is QuickBooks, Peachtree, and several other choices. Have you been wondering which software accounting professionals …
Mar 1- Farmers and Fisherman: File 2011  Form 1040 and pay any tax due. However, you have until Apr 17 to file if you paid your 2011 estimated tax payments by Jan 15, 2012. Mar 2- Deposit payroll tax for payments on Feb 25-28 if the semiweekly deposit rule applies. Mar 7- Ã‚ Deposit payroll tax for payments on Feb 29-Mar 2 if the semiweekly deposit …
