IRS highlights higher penalties for some tax returns filed after Sept. 14 WASHINGTON — The Internal Revenue Service today urged individuals who owe taxes but have not yet filed for 2019 to act now to avoid higher penalties that, by law, start after Sept. 14. The tax deadline was July 15 this year. Taxpayers who…
Some taxpayers earn income not subject to withholding. For small business owners and self-employed people this can mean making quarterly estimated tax payments. Anyone in this situation should check their withholding using the “Tax Withholding Estimator” on IRS.gov. If the estimator suggests a change, the taxpayer can “submit a new Form W-4” to their employer.…
The Team at Hartman accounting is always scouring the web to find resources for you to use.We encourage our clients to facilitate all the free aids that IRS.govoffers. https://irs.gov/ You can register to access all of your tax records, downloadtranscripts, see all correspondence sent to you, and transaction historyof payments and refunds. There’s accurate information…
Using the IRS Tax Withholding Estimator can help taxpayers have the right amount of tax withheld and avoid surprises when filing next year. Income taxes are pay-as-you-go. By law, taxpayers are required to pay most of their tax as income is received. There are two ways to do this: Through withholding from paychecks, pension payments,…
Having a home business presents many unique challenges and rewards. Not only do you have to take care of the actual product or service that you offer, you also need to take care of the administrative and marketing duties as well. Here are some tips to help keep your home business going. Make a plan…
Throughout your life, you will have ample opportunity to really do something special and stake your claim. Whether or not you decide to take advantage of the opportunities out there, is up to you. But if you want to start making something better for yourself, you should check out these home business tips and use…
Have you ever noticed how many work at home ads there are? Actually, there are many work-at-home schemes in existence. You can do it, but there are no hidden tricks to it. This article will provide you with the basic information you need to begin a business from your home. When approaching a home business,…
If you have made up your mind and you are 100% certain about starting a home business, then you might have in mind what product or service you want to market. You should also know that for the first two years you will be devoted to making your business grow. If you are willing to…
For those businesses who must maintain and manage inventory, it can be a daunting task. Inventory is a process where you purchase goods at cost for the purpose of sales. The complexity comes into how you measure the use of the inventory. For example, consumption in a business, e.g. restaurants; supplies in hair salons, manufacturing…
Running a business isn’t always a very easy matter. It becomes even more tedious when you need to get your finances right in terms of managing it. There can be so much to do that you are forced to start early and end very late at night when you are the owner of the business.…