Skip to main content

tax deadlines

Individuals/Sole Proprietorships are due April 15th
Corporate Taxes are due March 15th
LLC/Partnerships are due April 15th
Non Profit are due May 15th
Estimated Tax Payments due June 15th

PSA can file your business and personal tax returns. Visit our website to learn more .

Patrice L Stewart
"The Tax Daughter"
Bus: 708-320-9733
https://www.patriclestewart.com

Comments

Post a Comment

Popular posts from this blog

Finance Tip: Open a separate bank account for your business. If ever audited gathering paperwork will be a breeze. Plus you want keep your personal and business expenses separate. The Tax Daughter Patrice L Stewart www.patricestewart.com
1 comment
Read more
Choosing the Correct Filing Status It’s important to use the right filing status when you file your tax return. The status you choose can affect the amount of tax you owe for the year. It may even determine if you must file a tax return. Keep in mind that your marital status on Dec. 31 is your status for the whole year. Sometimes more than one filing status may apply to you. If that happens, choose the one that allows you to pay the least amount of tax. 1. Single. This status  normally applies if you aren’t married. It applies if you are divorced or legally separated under state law. 2. Married Filing Jointly. If you’re married, you and your spouse can file a joint tax return. If your spouse died in 2015, you can often file a joint return for that year. 3. Married Filing Separately. A married couple can choose to file two separate tax returns. This may benefit you if it results in less tax owed than if you file a joint tax return. You may want to prepare your taxes both w...
Post a Comment
Read more

IRS provides Top Six Tax Tips for the Self-Employed

Top Six Tax Tips for the Self-Employed When you are self-employed, it typically means you work for yourself, as an independent contractor, or own your own business. Here are six key points the IRS would like you to know about self-employment and self-employment taxes: 1. Self-employment income can include pay that you receive for part-time work you do out of your home. This could include income you earn in addition to your regular job. 2. Self-employed individuals file a Schedule C, Profit or Loss from Business, or Schedule C-EZ, Net Profit from Business, with their Form 1040. 3. If you are self-employed, you generally have to pay self-employment tax as well as income tax. Self-employment tax includes Social Security and Medicare taxes. You figure this tax using Schedule SE, Self-Employment Tax. 4. If you are self-employed you may have to make estimated tax payments. People typically make estimated tax payments to pay taxes on income that is not subject to withholding. If you...
Post a Comment
Read more