Category Archives: EFTPS

A Summer Job in Sharing Economy May Affect Taxes

The following article was published by the IRS. A college student wanting to do something other than wait tables. A teacher needing to make a little extra money. A family wanting to rent out their home while they’re on vacation. … Continue reading

Posted in EFTPS, IRS, Personal Taxes, Planning Strategies, Real Estate, Self-Employed, Tax Tips, Taxes | Tagged , , ,

IRS Website Provides Tools to Help Small Businesses Understand Employment Taxes

The following article was published by the IRS. The Internal Revenue Service reminds small businesses of the many free products available to help them understand and comply with the law. Products ranging from online calculators, printable calendars, step-by-step guides and … Continue reading

Posted in Accounting, EFTPS, IRS, Payroll, Self-Employed, Tax Tips | Tagged , , , ,

IRS Warns of New Phone Scam Involving Bogus Certified Letters; Reminds People to Remain Vigilant Against Scams, Schemes this Summer

The following article was published by the IRS. The Internal Revenue Service today warned people to beware of a new scam linked to the Electronic Federal Tax Payment System (EFTPS), where fraudsters call to demand an immediate tax payment through … Continue reading

Posted in EFTPS, Fraud, IRS, IRS Video, Personal Finance, Personal Taxes | Tagged , , , ,

Tax Tips to Consider for Cash Intensive Small Businesses in the Sharing Economy

The following article was published by the IRS. Small business owners that offer goods and services through an online platform may be part of the sharing economy. Some participate part time while others operate full time. Activities such as ride … Continue reading

Posted in Accounting, Bookkeeping, EFTPS, Personal Taxes, Planning Strategies, Self-Employed, Tax Tips | Tagged , , , ,

Self-Employed Tax Guide

There are several different types of workers who label themselves as self-employed. Some call themselves freelancers, while some are part of the “on demand” economy. Still others consider themselves consultants, contractors, or even solopreneurs. Regardless of the term, one of … Continue reading

Posted in Accounting, Bookkeeping, E-file, EFTPS, IRS, Planning Strategies, QuickBooks, Self-Employed, Tax Tips, Taxes, YouTube | Tagged , , , , , , , , , , , , , , , , , , , , ,

IRS Reminds Farmers, Fishermen about March 1 Tax Deadline

The following article was published by the IRS. The Internal Revenue Service reminds farmers and fishermen about the March 1 deadline to take advantage of special rules that can allow them to forgo making quarterly estimated tax payments. Taxpayers with … Continue reading

Posted in E-file, EFTPS, IRS, Personal Finance, Personal Taxes, Planning Strategies, Self-Employed, Tax Extensions | Tagged , , , , ,

Employer Tax Withholding Responsibility

If you have employees who work for you, you must withhold income, Social Security, and Medicare taxes from their pay. Hold it in trust until you’re required to deposit it with the U.S. Treasury using the Electronic Federal Tax Payment … Continue reading

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