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2024 Q3 Tax Calendar: Key Deadlines for Businesses and Other Employers

RogerRossmeisl

July 15 Employers should deposit Social Security, Medicare and withheld income taxes for June if the monthly deposit rule applies. They should also deposit non-payroll withheld income tax for June if the monthly deposit rule applies. If a calendar-year S corporation.

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Hire Your Minor Children for Tax and Non-Tax Benefits

RogerRossmeisl

And you may be able to: Shift your high-taxed income into tax-free or low-taxed income, Realize payroll tax savings (depending on the child’s age and how your business is organized), and Enable retirement plan contributions for the children. However, in order for your.

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Using an Income Tax Preparation Service: Is It Worth the Cost?

MyIRSRelief

When it comes to tax season, many people are faced with the decision of whether to prepare their own taxes or use an income tax preparation service. While it may seem like an added expense, there are many benefits to using a professional tax preparation service that make it well worth the cost.

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Professional tax help Chicago: Taxpayers Facing Tax Audits, Back Taxes, and 941 Payroll Tax Problems

MyIRSRelief

Chicago, Illinois is home to numerous businesses and individuals who may face tax-related challenges such as tax audits, back taxes, and payroll tax problems. Contact us for tax help today. Failure to properly pay 941 payroll taxes can result in severe penalties, including fines and criminal charges.

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California Main Street Small Business Tax Credit II

KROST

In Late September 2021 Governor Newsome signed Assembly Bill (AB) 150 establishing the Main Street Small Business Tax Credit II. This bill provides financial relief to qualified small businesses for the economic disruptions in 2020 and 2021, resulting in unprecedented job losses. Number of employees as of December 31, 2020.

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Understanding Nevada LLC Taxes

inDinero Tax Tips

This is true if you plan to do business there, but keep in mind it’s rarely advantageous for out-of-state businesses to incorporate somewhere other than their home state; taxes accrue where you do business, not where you incorporate. Instead, income “passes through” to owners as individual income.

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IRS Extends Tax Deadlines for Hurricane Debby Victims in the Southeast

Withum

Quarterly estimated income tax payments normally due on September 16, 2024, and January 15, 2025. Quarterly payroll and excise tax returns normally due on October 31, 2024, and January 31, 2025. In North Carolina, penalties for failing to make payroll and excise tax deposits due on or after August.