“…is changing everyday. In every possible way. An oh, my dreams. It’s never quite as it seems. Never quite as it seems.” -The Cranberries
This year has offered so much for business owners to deal with! Many entrepreneurs are pursing their dreams and trying to make it work during a pandemic.
My job is to help them focus on their goals without losing their head in the clouds. Did you realize we just ended Q3 of 2020?
That means your quarterly payrolls returns are due! Make sure you file and submit your tax payments by the last day of the month. You’ll need to remit to the IRS as well as the states you have employees in.
Estimated quarterly taxes were due September 15th so if you missed that be sure to send them in ASAP! It’s better to send them in late than never.
If you are a quarterly sales tax filer those returns and payments are due by the 20th.
If you aren’t reviewing your P&L every month make sure you at least do it quarterly! Depending on how your business is structured, you may want to take some distributions as a supplement to your regular paycheck.
As we move into Q4 the rest of 2020 will fly by! Be sure you are communicating with your bookkeeper so deadlines are not missed.
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