Small Business

Use Form 945 to report Federal Income Tax withholding from non-payroll items such as pensions, annuities, IRA's, backup withholding and gambling winnings.
Use Form 8109 or the EFTPS system to deposit the tax if applicable.

If the excavating and soil removal do not bear a direct association with the construction of a building, then the excavating, soil removal, grading, or landscaping, is generally considered part of the land cost. Land is not depreciable.

The use of the standard mileage method is limited to a self-employed individual or an employee who operates an automobile for business purposes. Corporations would not qualify. Partners in a partnership would qualify because they are considered self-employed.

Yes. A Partnership or a Corporation can lease an auto for business purposes. Leased automobiles are subject to luxury auto limitations. Speak to your local CPA about the limitations and the "lease versus buy" strategies as they pertain to automobiles.

Yes. Unless Congress reinstates it, the credit for increasing research activities is scheduled to expire for research expenses paid or incurred after 2011. The credit was claimed on IRS Form 6765.

Use Employer's Annual Federal Unemployment Tax Return Form 940. Use IRS E-file to file and EFTPS to pay. Go to IRS.gov to E-file and www.eftps.gov or call 1-800-555-4477 to call for EFTPS The Federal Unemployment Tax (FUTA)is reported and filed separately from the Employer's Quarterly Federal Tax Return Form 941.

The Federal Unemployment Tax (FUTA)is reported and filed separately from the Employer's Quarterly Federal Tax Return Form 941. Use the Employer's Annual Federal Unemployment Tax Return Form 940.

Yes. There are different penalty and interest calculations incurred for not filing timely, not paying and not paying timely, or when a balance due exists. You will want to avoid the failure to file by the due date when a balance due exists penalty. Therefore, file the tax return by the due date and pay whatever you can at that point in time to minimize your total penalty and interest calculations.

Federal and state laws prohibit prospective employers from asking certain questions that are not related to the job they are hiring for. Questions should be job-related and not used to find out personal information. In general, employers should not be asking about your race, gender, religion, marital status, age, disabilities, ethnic background, country of origin, sexual preferences or age. Some questions you should not ask during an interview are: Do you have any disabilities?, How old are you?, What is your religious affiliation?, What is your ethnic background?, Are you married?, Do you have children?, or What is your sexual orientation?.