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Posts Tagged ‘SEP’
4 Easy Steps to File Your Income Tax Extension
Your 2012 income tax return is due on April 15, 2013. What if you can’t get it done on time? Here are 4 easy steps to file your income tax extension.
1) Prepare a Tax Projection
3 Proven Reasons a Small Business Should Consider a SEP Retirement Plan
A Simplified Employee Pension (SEP) is an employer sponsored retirement plan.
Here are 3 proven reasons to consider this plan.
6 Reasons Small Business Owners Should Meet With Their CPA Before Year-End
There are a host of reasons small business owners should meet with their CPA. Here are 6 of them:
1) Method of Accounting
Smaller business can usually file their tax returns on the cash basis of accounting. The taxable income is based on the revenue received less the deductible expenses. Larger companies must prepare their tax return using the accrual basis of accounting. The accrual basis matches the … Continue reading »
How (and When) to File an Income Tax Extension
Due Date
The federal income tax returns are normally due on April 15th. This year, the 15th falls on a Sunday, so the due date should be Monday the 15th. However, Monday the 16th is Emancipation Day so the due date is Tuesday 17th. Some people aren't prepared to file. Others may be waiting for Form K-1's from their investments. Either way, if the return is not filed on … Continue reading »
The Biggest Loser….The Self-Employed in Connecticut
The Biggest Loser is a TV show where contestants attempt to lose the most weight for cash prizes. Full Disclosure: I don't watch the show and I have only seen short clips of it. I don't proclaim to fully understand the show. It appears to me however the biggest loser has nothing to do with losing weight. It's the self-employed in Connecticut. They … Continue reading »
