September 2010
August 30th, 2010 | 
Author: | September 10 | Employees – who work for tips. If you received $20 or more in tips during August, report them to your employer. You can use Form 4070. |
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| September 15 | Partnerships – File a 2009 calendar year return (Form 1065). This due date applies only if you were given an additional 6-month extension. Provide each partner with a copy of Schedule K-1 (Form 1065) or a substitute K-1. |
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| Individuals – Make a payment of your 2010 estimated tax if you are not paying your income tax for the year through withholding (or will not pay in enough tax that way). Use Form 1040-ES. This is the third installment date for estimated tax in 2010. | |
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| Corporations – File a 2009 calendar year income tax return (Form 1120 or 1120-A) and pay any tax due. This due date applies only if you timely requested an automatic 6-month extension. Otherwise, see March 16. | |
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| S Corporations – File a 2009 calendar year income tax return (Form 1120S) and pay any tax due. This due date applies only if you timely requested an automatic 6-month extension. Otherwise, see March 16. Provide each shareholder with a copy of Schedule K-1 (Form 1120S) or a substitute Schedule K-1. | |
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| Corporations – Deposit the third installment of estimated income tax for 2010. A worksheet, Form 1120-W, is available to help you make an estimate of your tax for the year. | |
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| Employers – Nonpayroll withholding. If the monthly deposit rule applies, deposit the tax for payments in August. | |
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| Employers – Social security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in August. |
Posted in 
Customer Credit Card Protection
| What is Happening? |
| To comply with password protection requirements going into effect July 1, 2010, anyone using Merchant Service-enabled QuickBooks files must download an upcoming June 2010 update. Without this update, you will not be able to open any company files that do not have “Customer Credit Card Protection” enabled. |
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Cal/OSHA Heat Illness Prevention for Indoor Working Environments
Cal/OSHA is coming to the Central Valley this Summer.
Do you have your HEAT PREVENTION PROGRAM in place?
Check out the five must-train preventive steps:
1. Frequent drinking of water
2. Rest in cooler areas
3. Give time to acclimatize
4. Know signs and symptoms
5. Know emergency steps
Click on the link for the full program in pdf format:
FAQ’s that may impact small business employers and the unemployed.
This message is posted as a courtesy.
Please contact the Internal Revenue Service directly with any questions.
There are two new Federal laws that may impact small business employers and the unemployed.
1) The Hiring Incentives to Restore Employment (HIRE) Act. This is the
new law that provides tax incentives for employers to hire the unemployed.
See our “Ask The Expert” page for the IRS information for employers and the
unemployed.
2) The Small Business Tax Credit resulting from the new health care
legislation (Patient Protection and Affordable Care Act). This is the
new law that provides a tax credit to help small business employers
provide health insurance coverage to their employees. Please see our
“Ask The Expert” page for FAQ’s.