Succeed at Payroll Compliance in 2022
As an S-Corp owner, you must provide a few things to your accountant or payroll provider by the end of the year to remain in compliance.
Read more →Topic
Tax Penalties and Interest
Tax penalties are incurred for late filing, late payment, or incorrect filing of tax forms. The revenue authorities have the authority to level fines to encourage compliance with the system of voluntary reporting. Often, if the problems are accidental and…
New posts and videos on this topic appear here automatically.
Book a meeting ↗Posts and videos
31 in this archive
IRS Announces Penalty Forgiveness!
On today's Tax Tip Tuesday, we'll talk about some penalty relief from the IRS.
Read more →
2022 Tax Deadline Video
The 2022 tax deadline is right around the corner. Taxes and deadlines for C-Corporations and individuals are due April 18th, 2022! Find out why!
Read more →
IRS Letters: What To Do
On today's #TaxTipTuesday, we're discussing IRS notices and how to understand and respond to them so that you and your CPA can resolve whatever the issue is.
Read more →
Bobby Bonilla Day
Tomorrow is Bobby Bonilla Day. Bobby Bonilla is a former player in Major League Baseball who played in the major leagues from 1986 to 2001. This day is celebrated by the sports and financial world! Why? Because the Mets pay Bonilla $1,193,248.20 every July 1 from 2011 until 2035.
Read more →
Estimated Tax Payment Two
Today's Tax Tip Tuesday is your reminder to pay your second 2021 quarterly estimated tax payment if you're somebody who needs to pay those, many people don't pay them. If you only have a job where you get a W2 and you're on the payroll, probably aren't making estimated payments, but if you're a business owner or a freelancer something like that, you're probably having to make these payments. So how do you know how much to pay?
Read more →
Foreign Tax Issues for US Citizens Video
Today on Finance Friday, we discuss foreign tax issues for US citizens with Andre Benayoun JD, BBA. Andre is one of the most brilliant people I know; he is a partner at Marcum Accountants & Advisors and a family friend.
Read more →
Cryptocurrency and Taxes
Cryptocurrency and Taxes, yes you have to pay taxes on your crypto; but there are some nuances. Let's go over them with this #TaxTipTuesday.
Read more →
How the Health Care Law Affects Your 2014 Taxes
The Affordable Care Act has some provisions that affect your 2014 tax return. For many, it means simply checking a box on their return to report health care coverage for themselves and their dependents for 2014. Some might report being eligible for an exemption. Others will need to calculate a shared responsibility payment.
Read more →
Why Not to Pull Money Out of Retirement Accounts Early
Hopefully, you have been doing the responsible thing and putting away a nice little nest egg in retirement plans such as pensions, profit-sharing plans, and individual retirement accounts (IRAs).
Read more →
When Outsourced Payroll Goes Bad
Usually, when you work with a payroll company, the last thing you expect is for them to not send your tax payments to the IRS. Unfortunately, in a recent court case, when a payroll company declared bankruptcy, that is exactly what happened.
Read more →2013 Forth Quarter Estimated Tax Payment Due Jan 15, 2014
Make tax payment for 2013 by Thursday Jan 15, 2014!
Read more →FBAR TD 90-22.1 Form Due June 30, 2013
The filing deadline for Form TD 90-22.1 is June 30, 2013. You can find the form here. Don’t forget- there are no extensions for this form. Not sure if you need to file? Check out my post explaining the FBAR.
Read more →FBAR Form TDF 90-22.1
FBAR (Report of Foreign Bank and Financial Accounts) is required filing to report foreign bank account information.
Read more →2012 Individual, Partnership, LLC, and Trust returns are due April 15, 2013
The tax filing deadline for individuals (Form 1040), partnerships and LLCs (Form 1065), and trusts (Form 1041) is next Monday, April 15, 2013. If you have not started your tax return yet you might want to consider filing an extension form. Individuals file Form 4868, and partnerships, LLCs, and trusts file Form 7004. Why should […]
Read more →Useful information is better when it changes the next decision.
Need advice specific to your business, tax situation or financial strategy? Start with a short discovery call.