Showing posts with label business taxes. Show all posts
Showing posts with label business taxes. Show all posts

Tuesday, April 4, 2017

Introducing Form 941 E-filing!

Move over Forms 1099-B and 1099-S, there’s a new form in town, and its name is...Form 941!

That’s right: the Employer’s Quarterly Federal Tax Return is now available to be e-filed through ExpressIRSForms, your favorite business-oriented, IRS-authorized e-filer! And just in time for the first quarter deadline at the end of this month!

And just a brief refresher for those of you still in 1099 or ACA mode: Form 941 is the document used to report income taxes, social security tax, and/or Medicare tax withheld from employee paychecks. It’s also the form you use to pay your employer portion of social security or Medicare tax. And when you e-file with ExpressIRSForms, you can transmit your forms and pay your taxes securely all in one place!

When you e-file Form 941 with ExpressIRSForms, you get access to all of the built-in features you love that make e-filing as simple and secure as possible. Just sign in, start a new 941 Form, then follow the step-by-step instructions to complete all the required fields with the correct information. Before you transmit, you’ll be given the option to pay your taxes now or pay them by check or EFT (Electronic Funds Transfer) later.

And, as always, your form goes through a series of built-in error checks to ensure it’s sent off as accurate as possible, nearly eliminating your chance for a form rejection.

Also, as always, when you e-file with ExpressIRSForms, you get complimentary access to our top-of-the-line, US-based customer service support team. They’re available by phone (704-684-4751), live chat (through the site), and email (support@ExpressIRSForms.com) and are always ready to take your questions, in English or Spanish!


Get started with ExpressIRSForms today to see how easy filing your quarterly taxes can be!



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Wednesday, May 4, 2016

Mid-Year Tax Tips for Small Businesses

Did you know that May 1-7 is National Small Business Week? It’s true! To recognize and celebrate the local mom and pop stores that have helped build America’s cities and towns, the United States has been observing NSBW since 1963. Small businesses have proven to be the backbone of our nation. Currently, more than half of Americans own or work for a small business, and small businesses are responsible for creating ⅔ of new jobs in the US each year.

Small businesses are the backbone of ExpressIRSForms, too. Well, maybe more like the nervous system, coordinating and transmitting signals where necessary. What we’re trying to say is that we genuinely appreciate you choosing to e-file your important tax documents with ExpressIRSForms, and we want to help you grow just as you’ve helped us.

While a majority of what we’re able to do to help small businesses has past (you know, the e-filing part), we can still impart some wisdom to help you with your taxes throughout the year, not just during tax time. So here are five tax tips for small businesses as we make our way through the middle of 2016:

  1. Keep detailed records as you spend money. And if you’re not the type to remember to write things down, search the App Store or Google Play, because you can bet there’s an app for that!
  2. Don’t mix business and pleasure. As in other situations, financially, business and pleasure just don’t mix. If you’re not incorporated, you’re not required to keep your money in separate accounts. But you might want to get a separate account anyway to keep your business expenses separate from personal, making it easier to keep track of the money you spend (see Tip #1).
  3. Track miles driven in your car. You can calculate deductions for business use of vehicles based on miles driven (at 54 cents/mile) or based on actual expenses. If driving is your business, check out our sister product, TruckLogics, an app that helps truckers keep track of mileage and other expenses while on the road.
  4. Keep it in the family. By employing family members, it’s possible to be eligible to deduct their wages as a business expense (similar to how you can deduct your home office expenses). In turn, this minimizes the amount of taxable income you’re on the hook for.
  5. Add vacation time to business trips. If the primary purpose of your trip is business, you can generally deduct travel expenses like airfare, lodging, ground transport, and 50% of meal costs. So why not add a few days to the end of your trip to relax? Keep in mind though that expenses that are strictly personal cannot be deducted.
Don’t forget also that the ACA deadline comes up mid-year this year, and you can e-file your 1094 and 1095 forms with ExpressIRSForms! For more information, check out our site or give us a call Monday through Friday, 9:00 a.m.-6:00 p.m. EDT. We’re also available for any questions 24/7 at support@ExpressIRSForms.com!



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