Drane, Ludington & Associates LLP

10/21/2013

Tax NewsFlash: New Employment Credit DGA Mapping Tool

FTB Tax News:

As part of the outreach for the recently passed New Employment Credit, the Department of Finance – in conjunction with the Department of Technology – released a new online tool to identify the Designated Geographic Areas (DGA) for the credit. With the searchable map, employers may search specific addresses to see if a location is in the DGA. The new search tool can be accessed by going to the New Employment Credit DGA Mapping Tool (https://listmanager.ftb.ca.gov/t/164498/153726/1647/2/)

If you have suggestions or comments, send us an email to: [email protected]

New California law allows certain taxpayers to amend their tax returns, obtain a waiver of various penalties, and avoid criminal prosecution by participating in a voluntary compliance initiative 2 (VCI 2).

10/18/2013

Friday, October 18, 2013 - From the IRS Tax Calendar:

Deposit payroll tax for payments on Oct 12-15 if the semiweekly deposit rule applies.

10/17/2013

Thursday, October 17, 2013 - From the IRS Tax Calendar:

Deposit payroll tax for payments on Oct 9-11 if the semiweekly deposit rule applies.

10/15/2013

*4 ITEMS* Tuesday, October 15, 2013 - From the IRS Tax Calendar:

~ Deposit payroll tax for Sep if the monthly deposit rule applies.
~ Individuals: File Form 1040, 1040A, or 1040EZ if you timely requested a 6-month extension.
~ Electing Large Partnerships: File Form 1065 if you timely requested a 6-month extension.
~ File Form 5500 if you timely requested an extension on Form 5558.

10/09/2013

Friday, October 11, 2013 - From the IRS Tax Calendar:

Deposit payroll tax for payments on Oct 5-8 if the semiweekly deposit rule applies.

10/09/2013

Thursday, October 10, 2013 - From the IRS Tax Calendar:

Employers: Employees are required to report to you tips of $20 or more earned during September.

10/09/2013

HEAD'S UP! I will be away from my computer for the next couple of days, so here's your IRS Tax Calendar updates:

10/09/2013

Wednesday, October 9, 2013 - From the IRS Tax Calendar:

Deposit payroll tax for payments on Oct 2-4 if the semiweekly deposit rule applies.

10/08/2013

Message From EDD TAX List
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Employer’s:

Check out the latest Tip of the Week for important information on payroll taxes.

http://www.edd.ca.gov/About_EDD/Tip_of_the_Week_Archive.htm

News releases from the Employment Development Department

10/07/2013

Tip of the Day:
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10/04/2013

Friday, October 4, 2013 - From the IRS Tax Calendar:

Deposit payroll tax for payments on Sep 28-Oct 1 if the semiweekly deposit rule applies.

10/02/2013

Free Seminar TOMORROW -Tax Credits and the Affordable Care Act

Research & Development Tax Credits
Contrary to popular belief, you don't need to be in a high-tech industry or need an entire "green" building to benefit from tax credits. If your business currently isn't producing taxable income, you may still be able to use incentives to recover taxes paid in prior years or shelter future taxable income. Join Michael Silvio, CBIZ National Federal Tax Credits and Incentives Leader, to learn why now is a great time to review these incentives in preparation for your year-end tax planning strategies.

The Affordable Care Act - Strategies to Consider for Implementation
The Patient Protection and Affordable Care Act includes significant provisions affecting employers and individuals that are scheduled to take effect in 2014. Join Doug Gwilliam, President of CBIZ Benefit & Insurance Services, as he leads a discussion on how clients can implement strategies now to respond to the Affordable Care Act and its compliance ramifications and tax implications.

Date: Thursday, October 3, 2013
Time: 8:30 am – 9:00 am registration/networking
9:00 am – 12:00 pm presentations

Location
Ventura City Hall | Community Meeting Room | 501 Poli Street, #202 | Ventura, CA 93001

Registration
Contact Jason Ham by September 30th at 805-409-9159 or [email protected]

http://origin.library.constantcontact.com/download/get/file/1102470517082-330/EDCSBDC+RD+Tax+Credit+and+ACA+Seminar+Invitation-1.pdf