Read about the latest news and views on federal, state and local taxes for small business and individuals for better tax understanding and planning.
Corporations must generally make estimated tax payments if they expect their estimate tax to be $500 or more. First installment payment of your 2021 estimated taxes is due by April 18th, 2022. 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 April 18 2022 Read More »
File your business Tangible Personal Property Tax Return by April 1 2022. Additionally, businesses with tangible personal property assets are required to file a timely return in order to qualify for an exemption of up to $25,000. What is Personal Property? Tangible Personal Property is any goods and other equipment or furnishings owned by and /or used for …
Tangible Personal Property Tax Return Due April 1st, 2022 Read More »
Pay Tangible Personal Property Tax by March 31 2022. There is no payment discount of the total tax due. Additionally, this is the last date to pay tangible personal property taxes. Delinquent Tangible Personal Property Tax Taxes become delinquent on April 1st each tax year. Interest accrues at 1.5% per month (18% per annum) plus …
Tangible Personal Property Tax Payment Deadline March 31st, 2022 Read More »
Business Sales & Use Taxes Deadline March 18th, 2022 If you electronically file and/or pay sales tax with the Florida Department of Revenue, you must complete the initiation of your February, 2022 reporting period payment on or before 5:00PM, Eastern Time, on Friday, March 18th, 2022, to ensure you pay on time. To learn more …
Pay Tangible Personal Property Tax by February 28 2022 to receive an early payment discount of 1% of the total tax due. Additionally, there is no discount for tangible personal property taxes paid in March. Delinquent Tangible Personal Property Tax Taxes become delinquent on April 1st each tax year. Interest accrues at 1.5% per month …
Tangible Personal Property Tax Payment Deadline February 28th, 2022 Read More »
Business Sales & Use Taxes Deadline February 18th, 2022 If you electronically file and/or pay sales tax with the Florida Department of Revenue, you must complete the initiation of your January, 2022 reporting period payment on or before 5:00PM, Eastern Time, on Friday, February 18th, 2022, to ensure you pay on time. To learn more …
One of the must common mistakes business owners do is mixing business and personal expenses. When this happens you are putting yourself at risk for an IRS audit. To ensure you do not end up with a stressful audit, you should know how to define and separate business and personal expenses. According to the IRS, …
Why You Need to Avoid Mixing Business and Personal Expenses Read More »
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 …
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