IMPORTANT TAX DEADLINES:
December 31 - For all S-Corporation owners (or LLCs' taxed as an S-Corp), it's important you file a year-end Payroll report and determine exactly what your payroll allocation (if any) should be. This is the month to get the paperwork done and the reports will be due in January AND any necessary deposits. Please call the office and let us know if you need help with this if we haven't already been in touch with you.
December 31 - If you want to make future contributions to a 401(k) or Defined Benefit Pension Plan for 2011, the plan must be set up before December 31, 2011. Also, the Employee (or your personal) deferrals or contributions into the plan must be made before January 1st, 2012. However, please note that company contributions to the plans can be made next year up until the tax return filing deadline, including extensions. AS ALWAYS THIS ALSO INCLUDES SELF-DIRECTED 401(k) PLANS!
December 31 - Final due date to convert a Traditional IRA to a ROTH IRA. Remember, you can make contributions to your IRA up until April 15th, however, you can't make the conversion to a ROTH after January 1st.
Resource:
Mark J Kohler, CPA, JD PC 7700 Irvine Center Drive, Suite 800 Irvine, California 92618 United States 888-801-0010
To speak with one of our Tax Consultants at Kohler & Eyre CPAs, or NumberWon Accountants, or our Lawyers at KKOS Lawyers, please call 888-801-0010. To get a copy of either of Mark's books with Free Shipping, visit www.markjkohler.com. Have a great week!!
There are a lot of things that we need to thinkk about not only in our business lives but also our personal.
Lots of things to remember before the end of the year. And don't forgot to buy any extra office supplies you need to be able to count them towards a 2011 expense.
Happy New Year folks!
Thomas - Happy New Year to YOU! Great list for the end of the year!