Quick notes on Form 940

 Quick notes on Form 940 Form 940 to report your annual Federal Unemployment Tax Act (FUTA) tax. Together with state unemployment tax systems, the FUTA tax provides funds for paying unemployment compensation to workers who have lost their jobs. Most employers pay both a federal and a state unemployment tax. 940 forms must be mailed [...]

2018-12-17T13:16:29+00:00December 17, 2018|Uncategorized|0 Comments

Short note on filing an amended tax return

Short note on filing an amended tax return  Filing an Amended Tax Return corrects information that changes Tax calculations and may result in additional refund / reduced tax liability. This includes making changes to filing status and dependents or correcting income credits or deductions.

2018-12-17T12:59:20+00:00December 17, 2018|Taxtips|0 Comments

Do you choosing the right structure for your business?

Do you choose the right structure for your business? How your business is structured can have a significant impact on the taxes that you pay. For example LLC’s, S-corporations are Pass-through entities which means your profit will be taxed at the ordinary tax rate, while shareholders of C Corp are taxed at corporate tax rate [...]

2018-12-17T12:53:50+00:00December 17, 2018|Taxtips|0 Comments