tax deadlines | Business Management Company

Gig workers should understand their tax obligations

December 28, 2021 / by Brett Hess / Newsletter, Small Business, Uncategorized

The number of people engaged in the “gig” or sharing economy has grown in recent years. In an August 2021 survey, the Pew Research Center found that 16% of Americans have earned money at some time through online gig platforms. This includes providing car rides, shopping for groceries, walking dogs, performing household tasks, running errands […]

IRS additional guidance addresses COBRA assistance under ARPA

August 24, 2021 / by Brett Hess / Deadlines, Small Business, Tax

In Notice 2021-46, the IRS recently issued additional guidance on the COBRA premium assistance provisions of the American Rescue Plan Act (ARPA). Under the ARPA, a 100% COBRA premium subsidy and additional COBRA enrollment rights are available to certain assistance eligible individuals (AEIs) during the period beginning on April 1, 2021, and ending on September […]

The easiest way to survive an IRS audit is to get ready in advance

October 7, 2020 / by Brett Hess / Deadlines, Small Business, Tax

IRS audit rates are historically low, according to the latest data, but that’s little consolation if your return is among those selected to be examined. But with proper preparation and planning, you should fare well. In fiscal year 2019, the IRS audited approximately 0.4% of individuals. Businesses, large corporations and high-income individuals are more likely […]

Answers to questions you may have about Economic Impact Payments

April 21, 2020 / by Brett Hess / Deadlines, Newsletter, Small Business, Tax, Uncategorized

Millions of eligible Americans have already received their Economic Impact Payments (EIPs) via direct deposit or paper checks, according to the IRS. Others are still waiting. The payments are part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Here are some answers to questions you may have about EIPs. Who’s eligible to get […]

Reasons why married couples might want to file separate tax returns

February 19, 2020 / by Brett Hess / Deadlines, Newsletter, Small Business, Tax

Married couples often wonder whether they should file joint or separate tax returns. The answer depends on your individual tax situation. It generally depends on which filing status results in the lowest tax. But keep in mind that, if you and your spouse file a joint return, each of you is “jointly and severally” liable […]

2017 Q1 tax calendar: Key deadlines for businesses and other employers

January 25, 2017 / by Brett Hess / Small Business, Tax

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2017. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. January […]