Tax & Business: March 2023

A part-time employment strategy could reap great rewards for your business if you plan appropriately. Here are some suggestions. Also read about effective reporting for effective management. Many businesses are turning to part-time employees to help fill open positions. Adding part-timers to your team, though, is easier said than done. In this month's newsletter, read …

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Reminder: Fourth Quarter Estimated Taxes Now Due

Now is the time to make your estimated tax payment Reminder: Q4 estimated tax payment is due Tuesday, January 17, 2023. Tip Category: Miscellaneous If you have not already done so, now is the time to review your tax situation and make an estimated quarterly tax payment using Form 1040-ES. The 4th quarter due date …

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Don’t Run Afoul of the IRS’s Nanny Tax

The IRS is enforcing Nanny Tax rules that regulate whether a domestic worker you pay is considered a contractor or employee. Tip Category: Miscellaneous The IRS is more strictly enforcing rules that determine whether a worker is actually your employee, rather than an independent contractor. So be careful if you regularly pay a gardener, housekeeper, …

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File That Tax Return!

October extension deadline fast approaching Tip Category: Miscellaneous Monday, October 17th marks the extension deadline for filing your 2021 Form 1040 tax return. Given all the recent tax legislation, numerous stimulus checks and COVID-related tax changes, there are more open tax return filings than ever! If you have not filed a tax return and don't think …

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