Are you ready? The end of the year is only 3 months away. Are your withholding’s correct? Do you have a donation that needs to be made? Do you have sales of stocks that may require you to make estimated tax payments? Did you withdraw your RMD as required by law? Do you have a child getting ready or already at college? if you need any assistance with any of these or other questions please contact the office to set up an appointment.
Reminder that 3rd qtr. will be ending on 9/30/18. For those making estimated tax payments those were due on 9/15/18. For payroll taxes you have until 10/31/18 to file & pay.
Even small cash donations aren’t exempt from strict record keeping rules, according to the IRS’s final regulations. For charitable monetary gifts of any size you cannot claim a deduction unless you have a cancelled check, a bank record, a credit card statement or a written receipt or email from the charity with its name, date and amount of the gift. Pay stubs or W-2’s work for payroll deduction donations. You still need an written acknowledgement from the donee for one time gifts of $250 or more.
From the IRS “IRS tells taxpayers who got a big refund to do a “paycheck checkup.”” There is a Withholding Calculator on the IRS website that can be used or contact your accountant.
Have you had a review of your tax standings at this point in the year to make sure the is enough being withheld? This is always a good idea part way thru the year but with all the tax changes this year it is a better idea to check this out now and not find out something bad in February/March when you file your returns. Give us a call for an appointment.
Reminder for payroll tax withholding check up since we have passed the halfway mark of the year and with the tax law changes the benefit of doing this is all for you so there is not a year end unwanted surprise.
PA & Berkheimer notices are now arriving! Please give the office a call to make sure that these are handled properly.
Half a year over. Are your withholding’s correct? Let’s chat if yo are not sure or just want to verify they are correct.
Well we have reached the half point of this year! You may want to do a yearly projection with your accountant to make sure your withholding are in line so that when next filing season arrives you don’t get any surprises.
Well we have almost reached the half point of this year! You may want to do a yearly projection with your accountant to make sure your withholding are in line so that when next filing season arrives you don’t get any surprises.