FlyFin AI’s Post

🚨 Reminder: Quarterly Estimated Tax Payments Are Due Monday, 6/17! 🚨 We want to ensure that you stay on top of your financial responsibilities. Meeting deadlines and keeping your finances in order is crucial. If you are a self-employed individual, a freelancer, or a business owner, it's important to remember that the IRS generally requires the payment of quarterly estimated taxes if you anticipate owing more than $1,000 when your return is filed. These payments help you stay current with your tax obligations throughout the year, avoiding any unnecessary surprises at tax time. #GrayCPA #YourCFOs #TaxReminder #QuarterlyTaxes #FinancialResponsibility #TaxDeadlines #SelfEmployed #FreelancerLife #BusinessOwner #TaxPlanning #IRS #StayCurrent #TaxTime

Being your own boss is great, but it also comes with some added responsibilities like self-employment tax! Here's a quick breakdown: Self-employment tax covers Social Security and Medicare taxes for individuals who work for themselves. In 2024, the rate is 15.3% of your net earnings. Self-employment tax applies to income earned by individuals operating as sole proprietorships, partnerships, LLCs, and independent contractors. Self-employment tax only applies to your business's net income after accounting for all business tax deductions. Maximizing write-offs directly reduces the income subject to self-employment tax. Just a reminder: As a self-employed individual, tax law allows you to write off any expenses that are ordinary and necessary for running your business. Have questions? Drop them in the comments below – we’re here to help! Bookmark this post for later. #TaxTip #BusinessTaxes #contractor #contractors #contractorsofinsta #contractorslife #generalcontractors #cloverpos #cloverpossystem #cloverpossystems #paymentprocessing #SpokaneBookkeeper #SpokaneAccountant #WashingtonBookkeeper #WashingtonAccountant #SimmonsBookkeepingSolutions

🌟 Attention, Taxpayers! 🌟 🔔 Reminder: The due date for your advance tax payment is approaching! Make sure to mark your calendars for June 15, 2024. ⏰ Why is paying advance tax important? ✔️ Avoid interest penalties ✔️ Stay compliant with tax laws ✔️ Manage your finances efficiently 💼 Who needs to pay advance tax? Salaried individuals with additional income (e.g., rent, capital gains) Freelancers and self-employed professionals Businesses and companies 📅 Don't wait until the last minute. Pay your advance tax by June 15, 2024, to ensure smooth financial planning and avoid unnecessary stress. #AdvanceTax #TaxReminder #June15 #TaxCompliance #FinancialPlanning #SmartFinances #TaxPlanning #TaxStrategy #TaxFiling #TaxPreparation #TaxTips #TaxAdvice #TaxSavings #TaxDeadline #TaxLaw #advancetax Stay financially smart and compliant! 💡

Being your own boss is great, but it also comes with some added responsibilities like self-employment tax! Here's a quick breakdown: Self-employment tax covers Social Security and Medicare taxes for individuals who work for themselves. In 2024, the rate is 15.3% of your net earnings. Self-employment tax applies to income earned by individuals operating as sole proprietorships, partnerships, LLCs, and independent contractors. Self-employment tax only applies to your business's net income after accounting for all business tax deductions. Maximizing write-offs directly reduces the income subject to self-employment tax. Just a reminder: As a self-employed individual, tax law allows you to write off any expenses that are ordinary and necessary for running your business. Have questions? Drop them in the comments below – we’re here to help! Bookmark this post for later. #TaxTip #BusinessTaxes #contractor #contractors #contractorsofinsta #contractorslife #generalcontractors #cloverpos #cloverpossystem #cloverpossystems #paymentprocessing #SpokaneBookkeeper #SpokaneAccountant #WashingtonBookkeeper #WashingtonAccountant #SimmonsBookkeepingSolutions

📣 Attention Taxpayers: Quarterly Estimated Payments Are Due! 💵 Reminder: Your Q4 2024 estimated tax payment is due January 15, 2025. ✅ Who needs to pay? • Self-employed individuals • Freelancers • Small business owners • Anyone with income not subject to withholding 💡 Avoid penalties by submitting your payment on time! 🔗 Visit the IRS website or consult your tax professional to calculate and make your payment. #EstimatedTaxes #TaxReminder #SelfEmployed #TaxSeason

Filing your Business Income Tax Return (ITR) ensures compliance and helps avoid penalties. Keep accurate records of income, expenses, and deductions to optimize your tax benefits. Utilize professional services or reliable software for accurate filing. Stay updated on tax laws and deadlines for a smooth process. For More Info. Contact No. 👉 9810808059 #BusinessITR #TaxSeason #StayCompliant #SmallBusiness #FinancialHealth #TaxTime #BusinessTips 💼📊📝🔍

🚨 Upcoming Tax Deadlines You Need to Know 🚨 📆 January 13 Business owners: Don’t forget to file your 2024 Beneficial Ownership Information (BOI) statement! This new requirement impacts most LLCs and corporations. Avoid penalties—file on time! 👉 Gelt Clients? Learn how to file in just 5 minutes - https://lnkd.in/eWm6g2Hb 📆 January 15 Last chance to make your 2024 estimated individual income tax payment! 💡 Pro Tip: To dodge underpayment penalties, pay at least 90% of your 2024 taxes or 110% of your 2023 taxes, whichever is lower. 📆 January 31 Employers: Ensure you send out W-2s to employees and 1099s to qualifying contractors by month’s end. Gelt Clients? Not sure if you need to send 1099s? 👉 Here’s what you need to know - https://lnkd.in/eQY-Wf-z Stay ahead of these deadlines and keep your business on track! #TaxTips #BusinessOwners #Deadlines

Being your own boss is great, but it also comes with some added responsibilities like self-employment tax! Here's a quick breakdown: Self-employment tax covers Social Security and Medicare taxes for individuals who work for themselves. In 2024, the rate is 15.3% of your net earnings. Self-employment tax applies to income earned by individuals operating as sole proprietorships, partnerships, LLCs, and independent contractors. Self-employment tax only applies to your business's net income after accounting for all business tax deductions. Maximizing write-offs directly reduces the income subject to self-employment tax. Just a reminder: As a self-employed individual, tax law allows you to write off any expenses that are ordinary and necessary for running your business. Have questions? Drop them in the comments below – we’re here to help! Bookmark this post for later. . . . #TaxTip #BusinessTaxes #BusinessBookkeeping #BusinessAccounting #Bookkeeping #Accounting #SmallBusiness #TaxResolution #IowaBookkeeper #IowaAccountant #MNbookkeeper #MNaccountant #Taxes4Truckers #TaxDebt #Truckers

Being your own boss is great, but it also comes with some added responsibilities like self-employment tax! Here's a quick breakdown: 💼 Self-employment tax covers Social Security and Medicare taxes for individuals who work for themselves. In 2024, the rate is 15.3% of your net earnings. 💼 Self-employment tax applies to income earned by individuals operating as sole proprietorships, partnerships, LLCs, and independent contractors. 💼 Self-employment tax only applies to your business's net income after accounting for all business tax deductions. Maximizing write-offs directly reduces the income subject to self-employment tax. 🔔 Just a reminder: As a self-employed individual, tax law allows you to write off any expenses that are ordinary and necessary for running your business. Have questions? Drop them in the comments below – we’re here to help! 🤓 Bookmark this post for later. . . . #TaxAssistDouglasvillega #douglasvillega #TaxTip #BusinessTaxes #BusinessBookkeeping #BusinessAccounting

🚨 Self-Assessment Deadline Reminder! 🚨 The 31st January tax deadline is fast approaching—just 6 weeks to go! If you haven’t yet submitted your self-assessment, now is the time to act. Here’s what you need to do: ✅ Gather all your income and expense records for the 2023/24 tax year. ✅ Submit your self-assessment return to HMRC before the deadline. ✅ Pay any tax owed to avoid penalties and interest charges. Don’t leave it to the last minute! Filing early gives you time to fix any issues and ensures you’re fully prepared Side note: on Christmas Day 2024 4757 tax returns were filed. 💡 Need help with your self-assessment? ECK Bookkeeping & Accounts is here to make the process stress-free. Contact us today and let’s get it sorted! #TaxDeadline #SelfAssessment #TaxReturn #ECKBookkeeping