Linda Tuttle

Tired of Penalties Due to Overlooked Tax Due Dates?

When you are running a business it can be overwhelming to figure out what tax forms you need to file and when they are due.

When many people think of tax deadlines they think April 15th, but there are actually a lot of forms and taxes due in January.  

Pay attention to estimated tax payments that are due quarterly, 1099s, W2s, 940, 941 that are all due in January.

Remember if you are an S Corporation owner you need to be paying yourself a reasonable salary and filing payroll tax returns in January.

1099s can be confusing, but the short of it is if you have paid someone more than $600 for services and they are not a corporation and you did not pay them with a credit card you likely need to issue them a 1099-NEC  These are due January 31st.  My quick word of advice on this is get in the habit of issuing your vendors a W9 prior to paying them for services.  It can be tricky to track people down that you've paid during the year, but it is much easier to have them the fill it out prior to them getting paid.

Catch the full video for more details and the entrepreneur calendar I've put together will help you be aware of all the due dates you need to be aware of so you never miss a deadline again.

With every episode of Linda Tuttle Adventuring Accountant TV, I like to equip you with a free resource that goes with the episode for the week.  

This week's episode is all about how owning your business can be a good thing for your life.  I talk about converting personal expenses into business expenses.  I put together a new free resource called 10 Essential Tax-Saving Strategies for Entrepreneurs.  I'm excited to share this with you.

After going through this guide, you will have some real strategies you can implement in your business right away.

You can download the FREE resource by clicking the orange button above.

Linda M. Tuttle

Resources

Tax Advisor Checklist - Grab It Here

Profit Booster Crash Course - Learn More Here

Tanya's Ultimate Branding Blueprint Program - Learn More Here

Entrepreneurs Calendar - Learn More Here

You can download this FREE resource by clicking the yellow button below


Linda Tuttle
Linda Tuttle

I hope you found value in this post. I share a new weekly training here on the blog each week for you, with different topics to help you grow your business and maximize your income so you can live the life you want as you prepare for retirement. If there are topics you would like me to cover, let me know.

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