June Estimated Tax Payments Are Just Around the Corner

Article Highlights:  Employees Self-Employed Individuals Individuals with Sources of Income Without Withholding Quarterly Payments Underpayment Penalty Safe Harbor Payments June 15th falls on the weekend this year, so the due date for the second installment of estimated taxes is the next business day, June 17, which is just around the corner. So, it is time

How QuickBooks Protects Your Data, and How You Can Help

The data in your QuickBooks company file contains some of the most sensitive information on your computer. Make sure it’s secure.  Your customer list is gold. And those Social Security and bank card numbers in your payroll, client, and vendor records need to be protected from intruders and only viewed by authorized employees.  It’s not

Filing a 1099-MISC Are You Collecting the Needed W-9s?

Article Highlights: $600 Threshold Exceptions Form W-9 Impact of Tax Reform 1099-MISC Filing If you use independent contractors to perform services for your business or your rental that is a trade or business, for each individual whom you pay $600 or more for the year, you are required to issue the service provider and the

Year-end Tax Planning Is Not Business as Usual; Things You Need to Know

Article Highlights: Major Tax Changes in 2018 Refund or Tax Due? Underpayment of Taxes Alternative Minimum Tax Minimum Required Distributions Convert into a Roth IRA Review Portfolio for Losses Make the Most of Higher Education Tax Credits Optimize Health Savings Account Contributions Empty Flexible Spending Accounts Bunch Charitable Deductions Remember the Annual Gift Tax Exemption