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late filing and payment penalties. here are 10 important 0penalties for filing or paying late you should know

Late Filing and Payment Penalties – What Must I Know?

April 15 (April 17 if you live in Maine or Massachusetts) is the deadline for most people to file their federal income tax return and pay any taxes they owe. The bad news is that if you miss the deadline (for whatever reason), you may be assessed penalties for both failing to file a tax return and for failing to pay taxes they owe by the deadline. The good news is that there is no penalty if you file a late tax return but are due a refund.

voting gates have opened for the top 100 proadvisors for the year. This has been brought to you by insightful accountant.

Hear Ye, Hear Ye, Voting for the Top 100 ProAdvisors Had OPENED!

Ladies & Gentlemen: START your voting! That’s right, the voting gates have opened for the Top 100 ProAdvisors for the year. This has been brought to you by the Insightful Accountant and it conducts this annually.

Its senior editor, William Murphy, explains recognition is for individual ProAdvisor – not so much the firm to whom the ProAdvisor belongs.  If you are a ProAdvisor; and were busy for any reason and forgot to apply,  the deadline has been extended. If you are a business wanting to shower your beloved ProAdvisor with more love, we detail steps below.

The insights gained in the teleconference demonstrate Avalara’s continuing commitment to being at the forefront of the, once static, world of Sales Tax. If you are just learning of Sales Tax Nexus, or Wayfair Inc. vs South Dakota, here is a list of previous articles; and a recent webinar we did with Avalara, which you can review at your leisure:

Avalara & Sales Tax Nexus 2019 [UPDATE]

A recent teleconference with Avalara reminded attendees the Sales Tax world is still an elusive target, since the Wayfair Inc. Supreme Court Decision. As businesses try to keep up with its effects, more states are enacting new legislation coinciding with new allowances to collect sales tax from sellers who conduct business in their state – without a physical presence therein. As of this writing, there is a host of states still deliberating over enacting specific legislation affecting marketplaces.

Your business likely qualifies for the Small Business Health Care Tax Credit if your employees number less than 25, and each of their employment status is full-time or similar status.

How the Small Business Health Care Credit Impacts Your Business’s Taxes

Tax credits are harder to come by with the passage of new tax reform laws bringing new eligibility requirements. Especially with how quickly these came about, it’s understandably overwhelming for individual taxpayers; and more likely overwhelming for business owners, like yourself. Read further to see how you can take advantage of health care related tax credits.

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