Tax Update

Now that the new tax bill has passed both the house and senate, we have a few days left before the end of the year for strategic tax planning.

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Responding to the Notice You Receive from the IRS

A few days ago, I came across the article linked below regarding IRS notices many small businesses are receiving regarding potential income under-reporting. The gist of it is that credit card processing companies are now required to issue Forms 1099-K to businesses that accept credit and debit cards as a form of payment. The forms report […]

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IRS Announces Details of Operations During Government Shutdown

The IRS has announced that, as part of a number of functions which are suspended during the federal government shutdown, federal income tax refunds will not be issued during the lapse in appropriations. The nation’s tax law remains unchanged however, so taxpayers should continue to file and pay their taxes according to the normal schedule. […]

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Payroll Reporting Deadline

The deadline for reporting wages paid to your employees in 2012 is January 31st. If you need help preparing your annual payroll reporting forms please contact us. January 31st is also the due date for filing Forms 1099 and 1096. We can also assist with the preparation of those forms.

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