Sep 15, 2016 | Individuals, Small Business
Paying the proper amount of tax by the annual federal income tax filing deadline isn’t always enough to avoid penalties and interest; you must also meet requirements for paying tax throughout the year through withholding and/or quarterly estimated tax payments. If you...
Sep 12, 2016 | Nonprofits, Small Business
Employers must withhold income and employment taxes (including Social Security) on wages paid to their employees. The taxes must then be paid over to the IRS according to a payroll tax deposit schedule. Some business owners and executives facing a cash flow crunch may...
Sep 9, 2015 | Small Business
As you are aware, businesses are required to file correct information returns (1099s) to report certain payments to vendors including rents, royalties, interest, non-employee compensation, and other income. This requirement does not apply for payments made to...
