August 2015
One of the most important questions you face when changing job is what to do with your 401(k) money. Making the wrong move could cost you thousands of dollars or more in taxes and lower returns.
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Tax planning is a process of looking at various tax options to determine when, whether, and how to conduct business and personal transactions so that taxes are eliminated or considerably reduced. This guide presents you with some essential strategies for small business tax planning.
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Did you know that having children can decrease your tax burden? Check out the top eight ways having kids can mean lower taxes for your family.
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TAX DUE DATES 

 

August 10

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.

Employers - Social Security, Medicare, and withheld income tax. File Form 941 for the second quarter of 2015. This due date applies only if you deposited the tax for the quarter in full and on time.

August 17

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. 

IN THIS ISSUE
Tax Tips

 

QuickBooks Tips
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