If you have not already done so, now is the time to review your tax situation and make an estimated quarterly tax payment using Form 1040-ES. The 2018 fourth-quarter due date is now here. Normal due date: Tuesday, January 15,
Tag: estimated taxes
Small Business Owners’ Tax Checklist
Keeping your tax documents organized is a challenge, but it can not only make the tax filing season go smoothly, it can also reduce your company’s tax liability. Here are some tips to keep your business on track:
December 2018 Tax Newsletter
Charitable Giving Planning In 2017, Americans donated over $410 billion to charity. As 2018 closes, you may be considering your charitable giving. You can deduct charitable gifts of cash and property, plus deduct your charitable mileage (14¢ per mile). To
Third Quarter Estimated Tax Payment Due September 17
Why Pay Estimated Tax To avoid interest and penalties, you must make sufficient federal and state income tax payments long before your April filing deadline through withholding, estimated tax payments, or a combination of the two. The third 2018 estimated
August 2018 Tax Newsletter
Tax Notes The Tax Cuts and Jobs Act raised the Child Tax Credit from $1,000 to $2,000. Of this, up to $1,400 can be a refundable credit. The Internal Revenue Service has not fully explained how this will work, but I’ll
3rd Quarter Estimated Tax Payment
Your quarterly estimated tax payment is due soon. Third Quarter 2017 taxes due by September 15, 2017. Estimated tax is used to pay income tax and self-employment tax, as well as other taxes and amounts reported on your tax return. If
Tax Tips – Uber, Lyft, and Other Ride-Share Drivers
Ride-Sharing Services Instead of sitting at home watching TV reruns during their down time, some of people are making extra cash by offering their services in the shared economy. One of the most popular methods is to become a driver for
March 15 Filing Deadline for Partnerships and S Corp Returns
The filing deadline for calendar year partnerships and S corporations is March 15, 2017. These returns must be filed (e-filed or postmarked) by midnight (local time) on March 15, 2017. Fiscal year returns will be due the 15th day of the
Self-Employed Tax Tips
Tax Tips for the Self-Employed Prior to tax planning, you must understand the difference between a self-employed individual and one who works full-time. You should also know that self-employed professionals do not get taxes deducted from their pay.
Fourth Quarter Estimated Taxes Due Jan 17th
What are Estimated Taxes? Estimated tax is the method used to pay tax on income that is not subject to withholding. This includes income from self-employment, interest, dividends, alimony, rent, gains from the sale of assets, prizes and awards. You also