Saturday, December 18, 2010

Mid-December Tax Newsletter 2010 - Tax Servicers, LLC.

Who Benefits from Health Care Reform?

There's plenty of debate about whether the new health care reform bill is good for America. Whatever your views, it looks like the Affordable Care Act - a massive piece of legislation passed by Congress in March - is here to stay. Take a look at how it will affect your business.

How to Prepare for a Successful Retirement
As you approach retirement, it's vital that you pay attention to certain key financial matters. Use this checklist to get started.

Ensuring Your Family's Security with an Estate Plan
Everyone, no matter their financial situation, should have an estate plan. But don't "set it and forget it"! Marriage, divorce, and the sale of your home are just some of the events that require an estate plan update.

Financial Planning Dos & Don'ts
During these uncertain economic times, planning for the future has become a challenge. Here are a few financial planning suggestions that can add to your peace of mind about financial matters and simplify your life.

Tax Tips

Your Pension Plan - Small Changes for 2011
Should You File a Tax Return?
Filing Status - What You Need to Know

QuickBooks Tips

How QuickBooks Helps You Destress at Tax Time

Financial Planning Tips

Make Charitable Contributions
Buy a New Car
Examine Investments
Pay Tax-Deductible Expenses
Evaluate Your Progress

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 15 Corporations - Deposit the fourth installment of estimated income tax for 2010. 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.


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Please call us at 630-839-9129 if you have any questions.