Tax Filing Deadlines:
January 15, 2013
Fourth quarter estimated tax payment is due on this date, but you may delay making the payment (using form 1040-ES) until January 31 if you file your 2012 tax return (Form 1040) and pay any tax due by January 31, 2013.
January 31 , 2013
W-2, 1098 and 1099 forms. Issuers of these forms are required to send them out by January 31st. Therefore you should have received these forms by this date, if you don't get them, contact the issuer.
February 15, 2013
File new W-4 forms. File a new Form W-4 with your employer to change your withholding or continue the exemptions claimed in 2012.
February 28, 2013
W-2, 1098 and 1099 forms. File these information returns by February 28, 2013. But if you file electronically your due date is April 1,2013.
March 15, 2013
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Corporations. File the 2012 calendar-year income tax return (Form 1120 or 1120-A) and pay any tax due or you can apply for an automatic six-month extension with Form 7004. If you file for an extension, you must also make an estimated tax payment.
S corporations. File a 2012 calendar-year tax return (Form 1120S) and pay any tax due. Send each shareholder a copy of Schedule K-1 (Form 1120S) or a substitute Schedule K-1. You can apply for an automatic six-month extension with Form 7004, but you must pay any tax due.
S corporation election. File Form 2553, Election by a Small Business Corporation, to choose to be treated as an S corporation beginning with calendar year 2013. If Form 2553 is filed late, S corporation status will begin with calendar year 2014.
Esther N. Phahla, CPA, a Temecula based CPA firm that provides tax, bookkeeping and consulting, proudly serves individual residents and small business owners.
What we hear from small business owners…
“If it’s not my genius, then it’s not my job. I have no intention of keeping up with tax laws and spending hours researching tax advantages for my business. Therefore I cannot be good or better than someone that specializes in this area. “
“Time is my most valuable resource. Spending time doing taxes and keeping books current is not the best use of my time.. I need to focus on better serving my existing customers and educating prospects on my products and services. “
“I regard my CPA as a member of my team. She advises us on the best tax savings strategies so that I can make good business decisions using great information. Alerts us on new tax laws that impact us."”
We understand …
We get this about the small business owner. A small business owner wears many hats at the beginning. Assigning tax and bookkeeping frees you off one more thing to deal with. Understanding the financial impact of every dollar is key good business decisions.
Industries we serve
We work with individuals and small to medium size businesses. Our direct and indirect business clients are in the following industries, namely:-
- Health Care
- Real Estate
- Distribution and
- Service Industries( incl. consulting firms).
- Pension plans
- Not-for-profit organizations