Read about the latest news and views on federal, state and local taxes for small business and individuals for better tax understanding and planning.
If you are required to pay quarterly estimated taxes with the IRS, you can pay online, by phone or by mail. Your individual taxpayer fourth and final installment payment of your 2021 estimated taxes is due by January 18, 2022. Individuals, including sole proprietors, partners and S corporation shareholders, may need to make estimated tax …
Individual Taxpayer – Estimated Tax Payment Due January 18, 2022 Read More »
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 …
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 »
Filing taxes is quite a nerve-biting task in itself but what if you got late in completing the process? We know from what stress you will go through. Lots and lots of questions run through your mind when you miss meeting the income tax return deadline. These can be related to filing a tax extension, …
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 »
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 »
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