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Q2 Tax Due Dates

Important Tax Dates for 2019 Q2

April 1

File with the IRS if you’re an employer that will electronically file 2018 Form 1097, Form 1098, Form 1099 (other than those with an earlier deadline) and/or Form W-2G.

If your employees receive tips and you file electronically file Form 8027.

If you’re an Applicable Large Employer and filing electronically, file Forms 1094-C and 1095-C with the IRS. For all other providers of minimum essential coverage filing electronically, file Forms 1094-B and 1095-B with the IRS.

April 15

If you’re a calendar-year corporation, file a 2018 income tax return (Form 1120) or file for an automatic six-month extension (Form 7004) and pay any tax due.

Corporations pay the first installment of 2019 estimated income taxes.

April 30

Employers report income tax withholding and FICA taxes for the first quarter of 2019 (Form 941) and pay any tax due.

May 10

Employers report income tax withholding and FICA taxes for the first quarter of 2019 (Form 941) if you deposited on time and fully paid all of the associated taxes due.

June 17

Corporations pay the second installment of 2019 estimated income taxes.


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Tax Tips For The First-Time Filers In Ogden And Layton

Tax Tips For The First-Time Filers In Ogden And Layton

There are 21 different institutions of higher learning within a mere 50 miles of Ogden, Utah. Many of the students attending Weber State University, Stevens Henager College, Broadview University Layton, and other schools will be filing their own taxes for the first time in their young lives.

If you’re among one of those first-time tax filers, don’t panic: We’re here to help. These tips can help you glide through the tax-filing process with ease.

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About Qualified Business Income Deductions For Freelancers In Salt Lake City

About Qualified Business Income Deductions For Freelancers In Salt Lake City

If you’re a freelancer in Salt Lake City, you know that it’s important not to leave money on the table when you do your taxes.

Enter the Qualified Business Income (QBI) deduction. While the Tax Cuts and Jobs Act of 2017 that made some sweeping changes to American taxes have been criticized for being most favorable to big business, the QBI is actually aimed at the smaller entrepreneur and self-employed individual. Here’s what it means for you.

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Why You Should Hire Your Spouse And Kids For The Family Business In Ogden, Roy, Or Clearfield

Why You Should Hire Your Spouse And Kids For The Family Business In Ogden, Roy, Or Clearfield

If you’re like a lot of other small business owners in Utah, your family means a lot to you. You’ve worked hard to create an enterprise that will provide for your family’s needs — hopefully, well into the future.

Well, why not put your family to work for you? If you haven’t done it before, the new tax laws that went into effect due to the Tax Cuts and Jobs Act (TCJA) makes it an even better idea than ever!

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Self-employed In Ogden? These Are The Tax Tips You Need

Self-employed In Ogden? These Are The Tax Tips You Need now on McKay Tax blog

Ogden, Utah, has a lot to offer entrepreneurs. From its beautiful historic architecture on 25th street and loads of gorgeous mountain scenery to its comfortable affordability and housing, freelancers and other self-employed professionals have every reason to love the city and all its surrounding locations. It’s the perfect place to launch your business and turn your dreams into a livelihood.

However, tax problems can derail your plans before you get very far if you make a serious mistake — and taxes for the self-employed can be complicated. At tax time, a lot of self-employed people start having their friends who only have a few W2s to file (and we don’t blame them).

Let’s talk about some of the most important things you need to know about your taxes if you’re self-employed.

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Important Tax Dates for 2019

Important Tax Dates for 2019 now on McKay Tax blog

IRS official tax dates you need to stay on top of your taxes.

2019 Federal Legal Holidays

  • January 1 – New Year’s Day
  • January 21 – Martin Luther King Jr.’s Birthday
  • February 18 – Washington’s Birthday
  • April 16 – District of Columbia Emancipation Day
  • May 27 – Memorial Day
  • July 4 – Independence Day
  • September 2 – Labor Day
  • October 14 – Columbus Day
  • November 11 – Veterans’ Day
  • November 28 – Thanksgiving Day
  • December 25 – Christmas Day

2019 E-File Dates

  • January 28 – First day to e-file and first IRS acknowledgements of e-filed returns
  • April 15 – Last day to e-file timely returns and extension requests
  • April 21 – Last day to retransmit rejected timely filed returns and extensions
  • June 17 – Last day to e-file timely extension request for overseas taxpayers
  • October 15 – Last day to e-file returns that received 6-month extension
  • October 22 – Last day to retransmit rejected late or extension returns

Important 2019 Tax Dates

  • January 10 – Report tips of $20 or more to employer
  • January 15 – Make last 2018 estimated tax payment
  • February 11 – Report tips of $20 or more to employer
  • March 11 – Report tips of $20 or more to employer
  • April 10 – Report tips of $20 or more to employer
  • April 15 – Due date to file calendar year 2018 tax returns or request an automatic 6-month extension of time to file. Pay any tax that is due, even if you file a 6-month extension of time to file.
  • April 15 – First 2019 estimated tax payment due
  • May 10 – Report tips of $20 or more to employer
  • June 10 – Report tips of $20 or more to employer
  • June 17 – Second 2018 estimated tax payment due
  • July 10 – Report tips of $20 or more to employer
  • August 102– Report tips of $20 or more to employer
  • September 10 – Report tips of $20 or more to employer
  • September 16 – Third 2018 estimated tax payment due
  • October 10 – Report tips of $20 or more to employer
  • October 15 – Final due date to file calendar year 2017 tax returns for taxpayers who received a 6-month extension
  • November 12 – Report tips of $20 or more to employer
  • December 10 – Report tips of $20 or more to employer

Your 2018 Business Tax Forms

2018 Business Forms Announcement from McKay Tax & Accounting

Hi Business Clients!

I’ve pieced together all of the forms and calculators you should need to be ready for filing your 2018 business taxes.

The attached Corporate and LLC guidelines and other various forms are to help keep your corporation valid with the state and the federal government in addition to tax planning.   If you do not have a corporate book (Corporation) we can tell you where to obtain one.

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2018 Tax Changes Announcement

2018 Annual Tax Year Update from McKay Tax & Accounting

It’s that time of year again!  Tax season.

We talked a little bit about this in last year’s newsletter.  But here is a reminder —

The Tax Cuts and Jobs Act of 2017 brought on the biggest changes in tax law history.  Overall, new deductions have been added and some old, common deductions have been completely repealed.

Below, I will highlight some of the big changes for the 2018 tax year — both for Individuals and for Businesses. Please give me a call if you have questions.

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