Read about the latest news and views on federal, state and local taxes for small business and individuals for better tax understanding and planning.
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 …
October 15 is fast approaching for people who requested an extension for their 2020 tax return. Taxpayers can file anytime on or before Friday, October 15, 2021. Extension filers should pay tax balance as soon as possible. The deadline to pay 2020 income taxes was May 17th, 2021. For those who owe taxes and can …
October 15 Deadline Approaches for Individual Taxpayers Read More »
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 …
Taxpayers with a filing requirement must file a tax return to get an Economic Impact Payment. Tax filers with adjusted gross income up to $75,000 for individuals and up to $150,000 for married couples filing joint returns will receive the full payment. The IRS will use the information on the Form SSA-1099 or Form RRB-1099 …
If you are required to pay quarterly estimated taxes with the IRS, you can pay online, by phone or by mail. Third installment payment of your 2021 estimated taxes is due by September 15, 2021. Individuals, including sole proprietors, partners and S corporation shareholders, may need to make estimated tax payments if: they expect to …
Individual Taxpayer – Estimated Tax Payment Due September 15, 2021 Read More »
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 …
Small businesses with sales tax requirements should calendar the Sales & Use Taxes Deadline August 19th 2021. If you electronically file and/or pay sales tax with the Florida Department of Revenue, you must complete the initiation of your July, 2021 reporting period payment on or before 5:00PM, Eastern Time, on Thursday, August 19, 2021, to …
Small businesses with sales tax requirements should calendar the Sales & Use Taxes Deadline July 19th 2021. If you electronically file and/or pay sales tax with the Florida Department of Revenue, you must complete the initiation of your June, 2021 reporting period payment on or before 5:00PM, Eastern Time, on Monday, July 19, 2021, to …
If you are required to pay quarterly estimated taxes with the IRS, you can pay online, by phone or by mail. Second installment payment of your 2021 estimated taxes is due by June 15, 2021. Individuals, including sole proprietors, partners and S corporation shareholders, may need to make estimated tax payments if: they expect to …
Individual Taxpayer – Estimated Tax Payment Due June 15, 2021 Read More »
Small businesses with sales tax requirements should calendar the Sales & Use Taxes Deadline June 18th 2021. If you electronically file and/or pay sales tax with the Florida Department of Revenue, you must complete the initiation of your May, 2021 reporting period payment on or before 5:00PM, Eastern Time, on Friday, June 18, 2021, to …
by PasFirm