Author: Admin
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Q3 Estimates-2024
This is our friendly reminder that 3rd quarter estimates will be due on September 16, 2024. Federal and state estimates are required for Schedule C filers, C-corporations and on pass-through entities such as S-corporations or partnerships since the tax structure is a pay-as-you-go system. Estimates may also be required if you have had any substantial taxable…
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Photo: Kelly Sikkema – UnsplashJuly Insights
Hobby or business: What people need to know if they have a side hustle Hobbies and businesses are treated differently when it comes to filing taxes. The biggest difference between the two is that businesses operate to make a profit while hobbies are for pleasure or recreation. Whether someone is having fun with a hobby…
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Photo: Wedding Dreamz via UnsplashJune Insights
Issue Number: Tax Tip 2024-57 Newlyweds Tax Checklist Summer wedding season has arrived, and newlyweds can make their tax filing easier by doing a few things now. A taxpayer’s marital status as of December 31 determines their tax filing options for the entire year, but that’s not all newlyweds need to know. Report a name…
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Photo: The-Timely-EntrepreneurQ2 Estimates-2024
Hope everyone is enjoying your summer and staying healthy.. This is our friendly reminder that 2nd quarter estimates will be due on June 17, 2024. Federal and state estimates are required for Schedule C filers, C-corporations and on pass-through entities such as S-corporations or partnerships since the tax structure is a pay-as-you-go system. Estimates may also…
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Photo: Island OrganizersMay Insights
Issue Number: IRS Tax Tip 2024-44 Emergency preparedness plans for businesses should include financial records When business owners put together an emergency preparedness plan, it should include copies of vital records and financial information. Here are some things everyone can do to help protect their financial records. Update emergency preparedness plan annuallyPersonal and business situations…
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Photo: FCPA-ProfessorQ1 Estimates-2024
This is our friendly reminder that 1st quarter estimates will be due on April 15th, 2024. Federal and state estimates are required for Schedule C filers, c-corporations and on pass-through entities such as s-corporations or partnerships since the tax structure is a pay-as-you-go system. Estimates may also be required if you have had any substantial taxable transactions where…
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Photo: Liberty Tax ServiceApril Insights
Issue Number: IRS Tax Tip 2024-35 Debunking common myths about federal tax refunds Once people complete and file their tax return, many of them eagerly await any refund they may be owed. Knowing fact from fiction can help manage expectations as they wait for their money. Myth: Calling the IRS, a tax software provider or a…
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Q4 Estimates-2023
This is our friendly reminder that 4th quarter estimates will be due on January 15, 2024. Federal and state estimates are required for Schedule C filers, c-corporations and on pass-through entities such as s-corporations or partnerships since the tax structure is a pay-as-you-go system. Estimates may also be required if you have had any substantial…
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Q3 Estimates-2023
This is our friendly reminder that 3rd quarter estimates will be due on September 15, 2023. Federal and state estimates are required for Schedule C filers, C-corporations and on pass-through entities such as S-corporations or partnerships since the tax structure is a pay-as-you-go system. Estimates may also be required if you have had any substantial taxable…
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Q2 Estimates-2023
Hope everyone is enjoying your summer and staying healthy.. This is our friendly reminder that 2nd quarter estimates will be due on June 15, 2023. Federal and state estimates are required for Schedule C filers, C-corporations and on pass-through entities such as S-corporations or partnerships since the tax structure is a pay-as-you-go system. Estimates may also…