by Accent452023 | Dec 4, 2018 | Business, Video & InfoGraphics
Here’s a handy infographic covering essential tax deadlines for filing 1099-Misc, 1099-DIV, 1099-INT and 1099-R. You should start preparing your 1099 processing as early as possible. These are hard tax deadlines. We included state 1099-MISC NEC tax deadlines as well....
by Accent452023 | Oct 9, 2018 | Business, Taxes
If you are a business owner who is accustomed to treating clients to sporting events, golf getaways, concerts and the like, you were no doubt saddened by the part of the tax reform that passed last December that did away with the business-related deductions for...
by Accent452023 | Oct 4, 2018 | Business, Tax Planning, Tax Reform
As a result of tax reform, most taxpayers will be paying less tax for 2018 than they did in 2017. But that may not translate into a larger refund. Your refund is the amount that your pre-payments (withheld income tax, estimated tax payments, and certain credits)...
by Accent452023 | Oct 2, 2018 | Business, Tax Planning
Tax law permits you to take a distribution from your IRA account, and as long as you return the distribution to your IRA within 60 days, there are no tax ramifications. However, many taxpayers overlook that you are only allowed to do that once in a 12-month period,...
by Accent452023 | Sep 25, 2018 | Business, Tax Planning
A taxpayer who is in the business of providing family day care in their home may deduct the ordinary and necessary expenses of their business. The two primary deductions include the business use of their home and the cost of providing meals and snacks to children in...
by Accent452023 | Sep 21, 2018 | Business, Reminders, Tax Planning
October 1 – Fiduciaries of Estates and Trusts File a 2017 calendar year return (Form 1041). This due date applies only if you were given an extension of 5 ½ months. If applicable, provide each beneficiary with a copy of K-1 (Form 1041) or a substitute Schedule...
