Posts by Robin Cook4

Anyone know how to cancel a filing on the e-pension portal? I accidentally registered an employee under the wrong employer, though I did send over the correct paperwork later. Do I actually need to call someone to fix this, or does it just update itself? Anyone dealt with this mess before?

Which account am I supposed to hit for those monthly income tax prepayments based on my annual filing—the 1430 or the 1619?

anyone know if a small fast food joint needs OSHA compliance and what kind of paperwork I actually need to deal with?

Quick question—if I run a fast food joint and I'm set up for sales tax, can I write off the full amount on a scooter for food delivery? Like, claim the whole tax back and just log it as an expense?

Wait, which line am I supposed to use for last year's losses on this form?

Can someone walk me through depreciation? Like, for write-offs... do I log those costs through KPI first (just noting the payment method as non-KPI), then manually enter the amount into P-PPI? Or am I overthinking it?

Hey, anyone know where I can track down those docs for my tax audit? Also, are they actually required for the 2015 filing?

Hey, can I just set the rate at 1% since I don't need to cover extra costs, or is it better to leave it blank and just attach a list instead?

Hey, I'm checking in here. Quick question—what am I supposed to put under "value correction"? Is that just last year's ending book value or what?

Hey, can anyone help me out? How do I book a prepaid tax correction so it actually shows up in the prepaid tax adjustments section? I'm using Synesis.

hey, can someone help me out? if I paid for something on 11/27/2015, do I need to run depreciation for 12/2015 or can I just wait until 2016?

hey, do I need to get that quarterly form in by 10/20/2015 (for months 7 through 9)?

So, the invoice was paid based on the deposit today. Can I go ahead and claim that sales tax deduction against the down payment receipt on the actual day it cleared?

hey, anyone know if a small business owner opening a separate location needs all the bills in the branch's name or just the main business? also, do I need to run separate books for that spot?

Which ones do I actually need for a restaurant, and what's the deal with the difference?

hey, is this updated daily or what?

Robert Sanchez6 said:It covers all invoices—both paid and outstanding.
Under the standard accounting practices used by the IRS, the concept of a "cash basis" simply doesn't apply here.

gotcha. so when I issue it, does it go straight onto the sales tax return?

Robert Sanchez6 said:Yes.
According to Article 179 of the IRS regulations:
(3) The return mentioned in paragraph 1 of this article shall be submitted in electronic form for the period from the first to the last day of the quarter—broken down by month—no later than the 20th day of the month following the end of said quarter.

thanks, does that cover every invoice sent out or just the ones actually PAID?

hey, can someone tell me if I need to file my quarterly tax returns by April 20th?

Austin Smith45 said:Look, if you're trying to register a seasonal business, you're going to need both the M13p and the M1P forms for the owner.
Basically, you handle the M13p just like you would for activating a registration—you really only need to fill in the business start date. Then, obviously, you fill out the M1P (the one covering the owner's insurance basis...)
Oh, and I usually attach the official seasonal business approval documents, though honestly, I don't think it's strictly mandatory...

Meanwhile, Medicare & Medicaid Services told me today it's M1P and M11P.