December 2018

As we close out the year, here's what individuals and families need to know about tax provisions for 2018.


Whether you file as a corporation or a sole proprietor, here's what business owners should keep in mind when it comes to their 2018 taxes. 


Avoid these common budgeting mistakes and take control of your company's finances.

If you have children, you may be able to use these tax credits and deductions to reduce your tax bill.

The latest tax scam uses tax transcripts as bait to entice taxpayers to open documents containing malware. Don't be fooled.
TAX DUE DATES

December 10

Employees who work for tips - If you received $20 or more in tips during November, report them to your employer. You can use Form 4070.

December 17

Corporations - Deposit the fourth installment of estimated income tax for 2018. A worksheet, Form 1120-W, is available to help you estimate your tax for the year.
Employers Social Security, Medicare, and withheld income tax - If the monthly deposit rule applies, deposit the tax for payments in November.
Employers Nonpayroll withholding - If the monthly deposit rule applies, deposit the tax for payments in November.

IN THIS ISSUE
Tax Tips

QuickBooks Tips

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Dawson & Associates | 818 379-9800 | team@dawsoncpa.com | http://www.dawsoncpa.com
16027 Ventura Boulevard Suite 501
Encino, CA 91436
Dawson & Associates, 16027 Ventura Boulevard  Suite 501, Encino, CA 91436
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