Did you know...? If your money is in a 401(k) plan, it is tax-sheltered if it remains in the account. However, eventually the IRS will collect its share when you start making withdrawals from the account once you retire.
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Outsourcing is a tool that has allowed companies to concentrate on their core business by hiring an external supplier to perform other activities.
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Think twice before you don't! βπ§ βThe IRS states that if you do not pay the amount shown as tax due on your return, you will be assessed a non-payment penalty amounting to 0.5% of the unpaid tax for each month the tax remains unpaid.
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A good bookkeeper can recommend you to provide a wide variety of payroll functions such as weekly, bi-weekly, bi-monthly, quarterly, and annual payroll. This may include assisting in the processing of employee payments and taxes
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January is the month when the accounting planning for the year is done. It is planned according to the complexity, volume, and amount of revenue handled in a business and foreseeing the accounting acts that will take place during the development of activities
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Date to remember: February 1st. Your second installment property tax payment is due on this day - make sure you pay it on time!
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The end-of-year for business has always been complicated, luckily Bookkeeping Centrum is there to make it easier. Now a New Year begins and with it new challenges!
Simplify your life by leaving the heavy lifting to us.
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Did you know...? You need to send the 1099 form to any vendor receiving more than $599 for the calendar year, and December is the time to make sure you have all of your W-9 forms ready. π
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