CPA 1st Quarter Chat & Business Accounting To-Do's
Do you find taxes confusing? Not sure what to do and when? Join us as for a highly informative and interactive seminars as we discuss tax prep for filing 2020 taxes and getting 2021 off to a great financial start. We will be discussing the following considerations: 1. Jan Deadlines: • 1099s (Fed & NC for box 3 & box 7) • W2s • 4Q & Annual PR Reports • BPL 2. S Corp Salary considerations • What does the IRS consider reasonable? • Health Insurance? • Lease Inclusion? 3. Mileage – start tracking for new year if using standard mileage 4. Know your tax deadlines • Sch C or Sch E • 1065 • 1120S • 1120 5. Retirement Contributions for 2019 6. Close out 2019 Books 7. Assess if extension is necessary/desirable 8. Save tax documents as they arrive via USPS or e-mail, or download 9. Any foreign filing requirements? 10. 4Q Estimate Needed? 11. Your tax liability shouldn’t be a surprise – tax planning 12. S Corp Election for 2020? 13. Hire your children to work in your business in 2021?
Speaker(s): Jill Ruvidich
Fee: No Cost