Tag Archives: Tax 2016

June 2016 tax compliance calendar

June 2 Employers. Semi-weekly depositors must deposit employment taxes for May 25–27.  June 3 Employers. Semi-weekly depositors must deposit employment taxes for May 28–31.  June 8 Employers. Semi-weekly depositors must deposit employment taxes for Jun 1–3.  June 10 Employers. Semi-weekly depositors must deposit employment taxes for Jun 4–7. Employees who work for tips. Employees who...
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Working out the reasonable compensation levels for your business

When you’re running an owner-managed business, it’s incredibly important to know the right amount to pay yourself. First and foremost, this is about understanding the remuneration needed to maintain your own personal lifestyle. But knowing your ‘reasonable compensation’ as the business owner is also critical to minimize tax liabilities and...
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May 2016 tax compliance calendar

As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important federal tax reporting and filing data for individuals, businesses and other taxpayers for the month of May 2016. May 2 Employers. File Form 941 for the...
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April 2016 tax compliance calendar

As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important federal tax reporting and filing data for individuals, businesses and other taxpayers for the month of April 2016.  April 1 Employers. Semi-weekly depositors must deposit employment...
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March 2016 tax compliance calendar

As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of March 2016. March 2Employers. Semi-weekly depositors must deposit employment taxes for...
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How do I? Prove business expenses

Everyone in business must keep records. Among other things, good records will help a business prepare the business tax returns, and will support items reported on tax returns. Taxpayers also must keep their business records available for inspection by the IRS. In order to claim any deduction, a business owner,...
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