Monday, October 3
The last day you can initially set up a SIMPLE IRA plan, provided you (or any predecessor employer) didn’t previously maintain a SIMPLE IRA plan. If you’re a new employer that comes into existence after October 1 of the year, you can establish a SIMPLE IRA plan as soon as administratively feasible after your business comes into existence.
Monday, October 17
- If a calendar-year C corporation that filed an automatic six-month extension:
- File a 2021 income tax return (Form 1120) and pay any tax, interest and penalties due.
- Make contributions for 2021 to certain employer-sponsored retirement plans.
Monday, October 31
- Report income tax withholding and FICA taxes for third quarter 2022 (Form 941) and pay any tax due. (See exception below under “November 10.”)
Thursday, November 10
- Report income tax withholding and FICA taxes for third quarter 2022 (Form 941), if you deposited on time (and in full) all of the associated taxes due.
Thursday, December 15
- If a calendar-year C corporation, pay the fourth installment of 2022 estimated income taxes.
Contact us if you’d like more information about the filing requirements and to ensure you’re meeting all applicable deadlines.
© 2022
For more helpful tax and accounting articles, or to sign up for our newsletter, please visit our KKB Insights page. And if you have additional questions, please contact us. We are here to help!
Navigating tax complexities: Craft partnership agreements and LLC operating agreements with precision
/in Tax/by KKB CPAsIf your business is creating a partnership agreement or LLC operating agreement, it should include tax-related specifications. Here are some key points. Continue Reading Navigating tax complexities: Craft partnership agreements and LLC operating agreements with precision
Restricted gifts: What to do when strings are attached
/in Tax/by KKB CPAsMost nonprofits won’t say “no” to restricted gifts, but these donations are harder to handle than unrestricted ones. To minimize risk, develop restricted gift policies and follow them. Continue Reading Restricted gifts: What to do when strings are attached
Business website expenses: How they’re handled for tax purposes
/in Advisory/by KKB CPAsWhen developing your business’s website, how do you handle the expenses for tax purposes? Here are the basic rules. Continue Reading Business website expenses: How they’re handled for tax purposes