Learn about small business income taxes, maximize tax deductions, tax dates and how we can help you stay organized and in compliant.
Pay Tangible Personal Property Tax by January 31 2022 to receive an early payment discount of 2% of the total tax due. Other discounts for early payments are as follows: 1 percent discount if paid in February 28th, 2022 Additionally, there is no discount for tangible personal property taxes paid in March. Delinquent Tangible Personal Property …
Tangible Personal Property Tax Payment Deadline January 31st, 2022 Read More »
The Internal Revenue Service issued the special per diem rates for travel expenses that became effective October 1, 2021, which taxpayers can use to substantiate the amount of ordinary and necessary business expenses incurred while traveling away from home. The IRS allows employers to pay employees per diem rates, or daily allowances for travel expenses …
Business Sales & Use Taxes Deadline January 19th, 2022 If you electronically file and/or pay sales tax with the Florida Department of Revenue, you must complete the initiation of your December, 2021 reporting period payment on or before 5:00PM, Eastern Time, on Wednesday, January 19th, 2022, to ensure you pay on time. To learn more …
As most taxpayers are required to file a tax return every year and technically the Internal Revenue Service (IRS) does not impose a statute of limitations on how long you have to file past-due tax returns, filing your tax returns is the quickest and easiest way out of any back tax issues. Why it is …
Pay Tangible Property Tax December 31 2021 to receive an early payment discount of 3% of the total taxes due. Other discounts for early payments are as follows: 2 percent discount if paid in January 31, 2022 1 percent discount if paid in February 28, 2022 Additionally, there is no discount for tangible personal property …
Tangible Personal Property Tax Payment Deadline December 31st, 2021 Read More »
Small businesses with sales tax requirements should calendar the Sales & Use Taxes Deadline December 17th 2021. If you electronically file and/or pay sales tax with the Florida Department of Revenue, you must complete the initiation of your November, 2021 reporting period payment on or before 5:00PM, Eastern Time, on Friday, December 17, 2021, to …
Businesses in 2021 are facing a troublesome time due to many socioeconomic factors. Some got affected because of the ongoing Coronavirus pandemic, while others are suffering due to a rapid evolution of technology. Now is the time to save money in your business as it will take a while for things to get back to …
Top 7 Ideas For Small Businesses To Save Money In 2021 Read More »
Running a business is no child’s play, especially when you are relatively new in the market. On top of that, the responsibilities and risks make it burdensome, resulting in sleepless nights. One of the significant challenges that a business owner or CEO faces is managing employee expenses. To run an organization successfully, it is important …
The American Rescue Plan Act of 2021 significantly changes the reporting threshold associated with Form 1099-K. This change will substantially increase the number of Forms 1099-K required to be filed with the IRS and furnished to recipients by third-party settlement organizations (TPSOs) and their electronic payment facilitators (EPFs). Modified Reporting Threshold Prior to the update, …
What You Need To Know About The 1099-K Reporting Threshold Read More »
We understand how caught up you may feel while running an e-commerce business. You will have to live on the pinnacle of your transactions, inventory, administrative fees, and what’s not. We know that due to so much work pressure and being occupied among these tasks, your accounting and bookkeeping responsibilities must have taken a back …
What Type Of Accountant Your E-Commerce Business Need? Read More »
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