2021 Q1 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2021. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. January […]
Pay too little in taxes last year? IRS offers relief for underpayment
Many taxpayers saw a bump in their take-home pay last year as a result of the lower tax rates and increased standard deduction thanks to the Tax Cuts and Jobs Act. That’s the good news. On the other hand, some taxpayers may have had too little tax withheld in 2018, exposing them to potential penalties […]
Hurricane Michael victims have more time to file some tax returns
Taxpayers in parts of Florida and south Georgia have been given more time to file some tax returns as a result of Hurricane Michael that hit the Florida panhandle earlier in October. The IRS has announced that certain counties in Florida and Georgia designated by the Federal Emergency Management Agency (FEMA) as federal disaster areas […]
There is more than one way to pay your taxes
Just as more and more businesses accept electronic payment for purchases or bills, so too does the IRS. Of course, you can still pay your taxes each year or quarterly by check or money order, but you can also use other options such as: Direct pay through your checking or savings account. This service is […]
Be sure to stay on top of quarterly tax payments
To make sure that individuals pay their federal income taxes, the government requires that sufficient funds are withheld from salaries or else it mandates that the taxpayer pay an estimated withholding amount each quarter. Estimated tax payments are typically four equal payments that are normally paid on April 15, June 15, September 15 and January […]