Keith Boyer CPA's Blog

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Expecting a Tax Refund this year? Not so fast!

I thought my refund was supposed to be BIGGER ? Tax season is well underway and many filers are eagerly awaiting their return. Those that changed their withholding based on the new tax law may question why their return is smaller than prior years. The good news is that you have been receiving more take-home pay in each paycheck throughout 2018. Whi...
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2018 Q1 Tax Calendar

  Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements.  January 31 File 2017 Forms W-2, “Wage and Tax Statement,” with the Social Security Administration and provide copies to your employees. Provide copies of 2017 Forms 1099-MISC, “Miscellaneous Income,” to recipients of income from your business where required. File 2017 Forms 1099-MISC reporting nonemployee compensation payments in Box 7 with the IRS. File Form 940, “Employer’s Annual Federal Unemployment (FUTA) Tax Return,” for 2017. If your undeposited tax is $500 or less, you can either pay it with your return or deposit it. If it’s more than $500, you must deposit it. However, if you deposited...
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Turning next year's refund into cash in your pocket now




Each year, millions of taxpayers claim an income tax refund. To be sure, receiving a payment from the IRS for a few thousand dollars can be a pleasant influx of cash. But it means you were essentially giving the government an interest-free loan for close to a year, which isn’t the best use of your money. 

Fortunately, there is a way to begin collecting your 2017 refund now: You can review the amounts you’re having withheld and/or what estimated tax payments you’re making, and adjust them to keep more money in your pocket during the year. 

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