Learn about small business income taxes, maximize tax deductions, tax dates and how we can help you stay organized and in compliant.
Corporations must generally make estimated tax payments if they expect their estimate tax to be $500 or more. Fourth installment payment of your 2021 estimated taxes is due by December 15th, 2021. A worksheet, Form 1120-W is available to help you estimate your tax for the year. Some corporations are required to electronically deposit taxes, …
Corporate Taxpayer – Estimated Tax Payment Due December 15, 2021 Read More »
Get ready for your W2 & 1099 forms reporting requirement Businesses must prepare tax reporting forms as part of their tax filing obligations. Generally, W-2 forms are used for part-time or full-time workers, Form 1099-NEC is used for contractors and other non-employees. W-2 and 1099-NEC forms must be filed by January 31, 2022. The same …
Tangible Personal Property Tax deadline November 30 2021 is approaching. To receive a 4% discount of the total taxes due pay by this date. Other discounts for early payments are as follows: 3 percent discount if paid in December 2 percent discount if paid in January 1 percent discount if paid in February There is …
Tangible Personal Property Tax Payment November 30th, 2021 Read More »
Small businesses with sales tax requirements should calendar the Sales & Use Taxes Deadline November 19th 2021. If you electronically file and/or pay sales tax with the Florida Department of Revenue, you must complete the initiation of your October, 2021 reporting period payment on or before 5:00PM, Eastern Time, on Friday, November 19, 2021, to …
Your business might be considered to have a nexus in a location, if it has for example: An employee present in the state Property, including intangible property, within the state Employees who regularly solicit business, such as salespeople Stores products or supplies in a warehouse Rental of short-term living accommodations If a remote seller with …
Generally, you can claim vehicle deductions as a business owner or self-employed taxpayer. If you own a business or are self-employed and use a vehicle for business, you may deduct car expenses on your corporate tax return. If a taxpayer uses the car for both business and personal purposes, the expenses must be split. The …
2021 Tax deduction for qualify business use of vehicles Read More »
What employers need to know on how to classify workers as employees or independent contractors It is critical for business owners to determine whether the individuals providing services are employees or independent contractors. More companies in recent decades have been classifying their workers as independent contractors as opposed to full-time or part-time employees to save …
Small Business with sales tax requirements should calendar the Sales & Use Taxes Deadline October 19th 2021. If you electronically file and/or pay sales tax with the Florida Department of Revenue, you must complete the initiation of your September, 2021 reporting period payment on or before 5:00PM, Eastern Time, on Tuesday, October 19, 2021, to …
Small business owners may qualify for a home office deduction that will help them save money on their taxes. Taxpayers can take this deduction if they use a portion of their home exclusively, and on a regular basis, for any of the following: Real estate taxes Mortgage interest Rent Casualty losses Utilities Insurance Depreciation Repairs …
Small businesses with sales tax requirements should calendar the Sales & Use Taxes Deadline September 17th 2021. If you electronically file and/or pay sales tax with the Florida Department of Revenue, you must complete the initiation of your August, 2021 reporting period payment on or before 5:00PM, Eastern Time, on Friday, September 17, 2021, to …
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