December 2024 Newsletter
Welcome Page ??? Get Help ??? Financial Calculators ??? Refer-A-Friend ??? Track Your Refund
Having won control of the White House, the Senate and the House of Representatives, Republicans will have the opportunity to move forward their vision for federal taxes. What might this mean?
A cost segregation study allows a business property owner to accelerate depreciation deductions. That, in turn, enables the owner to reduce current taxable income and increase cash flow.
As the end of the year approaches, many people give more thought to supporting charities they favor. To avoid losing valuable charitable deductions if you itemize, you’ll need specific documentation, depending on the type and size of your gift. Here’s a breakdown of the rules:
Tax Tips
QuickBooks Tips
Tax Due Dates
领英推荐
December 16
Calendar-year corporations: Pay the fourth installment of 2024 estimated income taxes, completing Form 1120-W for the corporation’s records.
Employers: Deposit Social Security, Medicare and withheld income taxes for November if the monthly deposit rule applies.
Employers: Deposit nonpayroll withheld income tax for November if the monthly deposit rule applies.
January 10
Individuals: Report December 2024 tip income of $20 or more to employers (Form 4070).
?
Click here to read the rest of the newsletter.
Please call us at (310) 666-7772 if you have any questions.
World Accounting Group
10436 Santa Monica Blvd #3030
Los Angeles, CA 90025