Greetings!

As the end of the year approaches, we hope you find the articles, tax tips, and other information in our November newsletter helpful and timely.

All of us at Dawson & Associates want to wish you and your family a wonderful Thanksgiving.
Year-End Tax Planning For Individuals
Tax planning is always a good idea, but with the Bush-era tax cuts set to expire and tax rates set to rise to pre-2010 levels, it's more important than ever. Learn which tax planning strategies you should use now to cut your tax bill in 2013.  CLICK HERE TO READ MORE
Year-End Tax Planning for Businesses   

There are a number of end of year tax strategies businesses can use to reduce their tax burden for 2012. Here's the lowdown on some of the best options.  CLICK HERE TO READ MORE

Do you find it tricky to maintain a budget for your business? Here's how to avoid three of the most common budgeting mistakes and take control of your company's finances.  CLICK HERE TO READ MORE

 

Tap Your Retirement Money Early and Minimize Penalties 
There are ways to withdraw funds early from retirement plans like your 401(k) without getting hit with a tax penalty. CLICK HERE TO READ MORE
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 Dawson & Associates...
is a full service accounting firm dedicated to giving you quality and service at a reasonable price. Our team is highly trained and very experienced so that your accounting needs are met as effectively and efficiently as possible.

 

Sincerely,

Linda Dawson
Dawson & Associates
NOVEMBER 2012
   
Table of Contents
Year-End Tax Planning For Individuals
Year-End Tax Planning for Businesses
Three Most Common Budgeting Errors
Tap Your Retirement Money Early and Minimize Penalties
Power of the Cloud: MyVAO
Tax Tips
QuickBooks Tips
Tax Due Dates
 Anytime 
Employees 
- Income Tax Withholding. Ask employees whose withholding allowances will be different in 2013 to fill out a new Form W-4.

November 13 
Employers 
- Social Security, Medicare, and withheld income tax. File Form 941 for the third quarter of 2012. This due date applies only if you deposited the tax for the quarter in full and on time.
 
Employees 
who work for tips 
- If you received $20 or more in tips during October, report them to your employer. You can use Form 4070. 
 
 
November 15 
Employers 
- Nonpayroll withholding. If the monthly deposit rule applies, deposit the tax for payments in October.
 
Employers
- Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in October.