Now is the time to develop a strategy or make any corrections needed to maximize your tax situation at year end. Call us now for a mid-year check up, to avoid surprises when tax time comes around again. . . . → Read More: It’s Time Again for Your Mid-Year Check Up
If you prepare your own payroll, be sure you are using the latest state unemployment rates for your company, and the most recent federal withholding tables. It would also be a good idea to remind your employees that changes in withholding should be made early in the year by submitting a new W-4 form to your . . . → Read More: Payroll Updates
Don’t let this be your new look in January, 2014!
If you have paid for business services or rents over $599 , you are probably required to mail a form 1099-MISC to the vendor by 1/31/14, and file that information with the IRS. Fines for filing these forms incorrectly or late varies from $30-$100 per form, and . . . → Read More: Last Call For 1099 Peace of Mind
Don’t Forget to Log Your Year End Mileage
If you deduct mileage, or even use actual vehicle expenses, you will need to have the total mileage that the vehicle is driven, in addition to the various types of specific mileage:
* Medical or Moving Mileage (2014 deduction = 23.5 cents per mile)
* Charity Mileage (2014 deduction = 14 . . . → Read More: Don’t Forget to Log Those Miles!
Last year, we advised you that the IRS was sending out notices to small businesses questioning the possible under-reporting of income. The IRS did, in fact do this, as the result of matching the information reported on Form 1099-K, to the income the business reported on its tax return. If you received a notice, or would . . . → Read More: Form 1099 News and Alerts
Year end is right around the corner. Need help getting those pesky 1099 forms out to your vendors on time?
If you have paid for business services or rents over $599 , you are probably required to file and mail a form 1099-MISC. Fines for filing these forms late varies from $30-$100 per form, and if . . . → Read More: Act Now to Avoid Up to $250 Fine per 1099 Form
QuickBooks Certified User Program
Get $10 Off for taking our survey
We are proud to announce that we have been approved as a Certiport Authorized Testing Center (CATC), and can now offer you a QuickBooks Certified User Training Program to prepare you, or your employees, for designation as an Intuit Certified QuickBooks User. In launching this new and . . . → Read More: QuickBooks Certified User Program. Get $10 off for taking our survey!
Seacoast Accountability’s Affordable 1099-MISC Offer Is Coming to an End . . . → Read More: Seacoast Accountability’s Last Call For 1099 Peace of Mind
In a previous E-Note, we advised you that the IRS was sending out notices to small businesses questioning the possible under-reporting of income. The IRS did, in fact do this, as the result of matching the information reported on the 2011 Form 1099-K that was reported, to the income the business reported on its tax return. . . . → Read More: W-9 Reminder-You May Be Subject to 28% Withholding on Income
Why not take some of that stress off and enjoy the holidays? Let Seacoast Accountability handle your 1099-MISC processing for you. Prices start at $5 per form, but time is running out to take advantage of this offer.
The deadline for your response is December 31, 2012.
New 1099 reporting requirements are more complex than ever.
Be . . . → Read More: Time is Running Out for Our 1099 E-Services Offer
NHES Has Gone Electronic! If you process quarterly wage and tax reports and typically mail them to the NHES office in Concord, NH, you now have the option of filing forms electronically through their new WEBTAX system. . . . → Read More: NHES Has Gone Electronic
Most small businesses do not file the required 1099-MISC forms. Fines range from $30-$250 per form. . . . → Read More: 1099-MISC Reporting Overview