Tax Resources for Accountants and Small Businesses (U.S.)
IRS will begin a one-year pilot program in June to help small businesses with retirement plans that owe penalties for not filing reporting documents. By filing current and prior year forms during this pilot...
The Net Investment Income Tax is imposed by section 1411 of the Internal Revenue Code. The NIIT applies at a rate of 3.8% to certain net investment income of individuals, estates and trusts that...
Seattle City Council unanimously approved the adoption of a $15 per hour minimum wage. Beginning April 1, 2015, the legislation will phase-in a $15 per hour minimum wage annually over 3 to 7 years,...
IRS Interest Rate for the calendar quarter beginning Jan. 1, 2014 three (3) percent for overpayments [two (2) percent in the case of a corporation]; three (3) percent for underpayments; five (5) percent for...
When it comes to filing your tax return, the law provides that the IRS can assess a penalty if you fail to file, fail to pay or both. Here are eight important points about...
This program allows merging two databases in csv format via common nominator. For example You have an IT system with a database containing information on the ID number, amount, order number, and other...
Do you need someone to help you combine two csv files by some common ID? Both files must share column with common value (key or ID). Example: You would like to cobine list of...
Standard mileage rates. The 2013 rate for business use of your car is increased to 56½ cents a mile. The 2013 rate for use of your car to get medical care is increased to 24...
Bank On It features more than 1,000 questions inspired by content in accounting textbooks. The game challenges students on accounting fundamentals and real-world workplace scenarios in the context of an online board game. The...
The Additional Medicare Tax is added by the Affordable Care Act (ACA). It applies to wages, railroad retirement (RRTA) compensation, and self-employment income over certain threshold amount received in taxable years beginning after Dec....
Form 8960 – Net Investment Income Tax— Individuals, Estates, and Trusts. (Attachment to Form 1040 or Form 1041) Individuals, estates, and trusts will use Form 8960 to compute their Net Investment Income Tax. For...
Source: Guidance Regarding Deduction and Capitalization of Expenditures Related to Tangible Property BackgroundExplanation of Provisions I. Overview II. Materials and Supplies Under §1.162-3A. Definition of materials and suppliesB. Election to capitalize certain materials and...
SHEA HOMES, INC. AND SUBSIDIARIES, ET AL.,1 Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket Nos. 29271-09, 1400-10, Filed February 12, 2014. Full text of court decision: Shea Homes, Inc – U.S. Tax Court...
For tax year 2013, Maryland’s personal tax rates begin at 2% on the first $1000 of taxable income and increase up to a maximum of 5.75% on incomes exceeding $250,000 (or $300,000 for taxpayers...
Source January 1 Valuation date (Date of Finality) for real and business personal property Deadline for filing a real property petition for review appeal form January Business personal property returns mailed to all current...
f you need additional time to complete your personal property returns, you may get a 2 month filing extension provided you request the extension by April 15, 2014 . Use this system to request...
All employees receiving $20 or more a month in tips must report 100% of their tips to their employer. Form 8027 is used by large food or beverage establishments when the employer is required...
Use Form 941 to report the following amounts. Wages you have paid. Tips your employees have received. Federal income tax you withheld. Both the employer’s and the employee’s share of social security and Medicare...
Reporting Due Dates Generally, employers must report wages, tips and other compensation paid to an employee by filing the required form(s) to the IRS. You must also report on the taxes you...
Link to 2013 Payroll Expense Tax Statement eFiling As required by our Payroll Expense Tax and Business Registration Ordinance all businesses with a taxable San Francisco payroll expense greater than $150,000 must file a Payroll Expense Tax...