January 2 - Time to Call For Your Tax Appointment -
January is the beginning of tax season. If you have not made an appointment to have your taxes prepared, we encourage you to do so before the calendar becomes too crowded.
January 10 - Report Tips to Employer -
If you are an employee who works for tips and received more than $20 in tips during December, you are required to report them to your employer on IRS Form 4070 no later than January 10.
January 16 - Individual Estimated Tax Payment Due -
It’s time to make your fourth quarter estimated tax installment payment for the 2017 tax year.
January 16 - Farmers & Fishermen Estimated Tax Payment Due -
If you are a farmer or fisherman whose gross income for 2016 or 2017 is two-thirds from farming or fishing, it is time to pay your estimated tax for 2017 using Form 1040-ES. You have until April 17, 2018 to file your 2017 income tax return (Form 1040). If you do not pay your estimated tax by January 16, you must file your 2017 return and pay any tax due by March 1, 2018 to avoid an estimated tax penalty.
Important Dates by Email
Controlling access to your QuickBooks company file is easy when you’re a one-person accounting department. You simply use one password to protect your data. But when you add new employees to the mix, do you want them to have access to absolutely everything in QuickBooks? Probably not. You have confidence in your employees or youRead More
Article Highlight: Auto Travel Capital Purchases Supplies Children’s Meals Business Use of the Home If you are a childcare provider, tax law provides you with special tax breaks, including deductions for travel, capital purchases, supplies, children’s meals and the business use of your home. Travel – Your auto expenses are based on the number ofRead More
Many people dream of starting a small business. This is a dream that can become a reality, or—as happens to about 33% of prospective business owners, according to the Small Business Administration – it can result in dismal failure within two years. There’s no magic-bullet solution to ensure a successful business, but if you don’tRead More