Election

Election Decides Not to Burden Businesses More With Tax In Tuesday’s election, voters in two states—California and Colorado—were tasked with deciding whether to amend their states’ constitution to change how the property tax burden is distributed. In many ways, the ballot measures were mirror images of each other, but the outcomes were similar. California Proposition…

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Deposit Dates

Report Payroll Taxes You must report taxes you deposit by filing Forms 940, 941 and 944 on paper or through e-file. Federal Income Tax and Social Security and Medicare Tax If you held federal income tax or social security and Medicare taxes, subsequently, then you must file Form 941, Employer’s Quarterly Federal Tax Return each quarter. This includes…

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Pay less tax

The richest Americans pay less tax via paid overall a lower tax rate than average due to what the IRS shows they do differently. The ultra-rich save the most tax, according to IRS statistics. And over 90% of them have one thing in common. They do not sign their own returns. They hire tax pros instead.…

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IRS Tax Obligations

How teleworking is impacting your tax obligations during the COVID-19 pandemic As the COVID-19 outbreak continues, many employers are continuing to encourage or require their employees to work from home (i.e., telework). Such remote working arrangements could potentially have tax implications that should be considered. State tax obligations for the employer When an employee works…

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IRS Payment

The IRS streamlined the “Closing a Business” page into simple steps, so business owners and self-employed individuals can make final IRS payment. During this difficult and challenging time, the IRS streamlined the “Closing a Business” page into simple steps, the release states, so business owners and self-employed individuals can quickly find the information they need.…

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