Individuals and businesses impacted by recent storms in California will have an extended deadline to file federal tax returns and make payments, according to a recent IRS announcement. The Federal Emergency Management Agency (FEMA) has designated a wide range of counties throughout the state as...
All taxes can be broken down into three categories: Taxes on your purchases Taxes on your income Taxes on your assets Taxes on your purchases:When purchasing the majority of goods and services, consumers must pay sales taxes. These taxes bring in money for the state...
Many taxpayers make quarterly estimated tax payments during the year to stay current on their taxes, but many who should overlook this step. The Internal Revenue Service today urged those who paid too little tax in 2022 to make a fourth quarter payment on or before January...
Payroll administration is typically one of the most challenging, tiresome, and time-consuming business tasks for small business owners—but it’s also one of the most important ones! What does the term “payroll” mean? Although there are several interpretations for the word “payroll,” it usually refers to...
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