Dawson & Associates' August Newsletter

August 2013

In This Issue

How to Save for College Tax-Free

Tax Planning for Small Business Owners

Leaving a Business: Which Exit Plan Is Right For You?

Tax Tips

Seven Tax Tips for Students with a Summer Job

Five Tax Tips if You're Starting a Business

Eight Tips to Determine if Your Gift is Taxable

QuickBook Tips

Receiving Inventory With or Without Bills in QuickBooks

Greetings!

While August brings hot weather and vacations, many of us use this month to plan and strategize for the year to come. Here are a few things you may need to know should you fall into the later category. As always, if you have any specific questions or issues relating to these changes, please contact us.

Featured Articles

How to Save for
College Tax-Free

The need to set money aside for a child's education weighs heavily on the minds of most parents, but there are plans out there to help. Learn how two of them, Qualified Tuition Programs and Coverdell Education Savings Accounts, help you save money for college while providing tax relief as well. read more

Tax Planning

for Small Business Owners

Many small business owners ignore tax planning. They don't even think about their taxes until it's time to meet with their accountants. Keep reading to learn why tax planning is invaluable for your small business. read more

Leaving a Business: Which Exit Plan Is Right For You?

There are only four ways to leave your business: transfer ownership to family members, Employee Stock Option Plan (ESOP), sale to a third party, and liquidation. Which one is right for you? Keep reading to learn more.

read more

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Tax Due Dates

August 12

Employers - Social Security, Medicare, and withheld income tax. File Form 941 for the second quarter of 2013. 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 July, report them to your employer. You can use Form 4070.

August 15

Employers - Nonpayroll withholding. If the monthly deposit rule applies, deposit the tax for payments in July.

Employers - Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in July.

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

Dawson & Associates | 818 379-9800 | team@dawsoncpa.com | http://www.dawsoncpa.com
15928 Ventura Boulevard #218
Encino, CA 91436