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Posts by holloweagle10

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IRS and Tax Filing Issues in Business, Accounting & Taxes ·
I’ll just leave my question here.... the company was established back in December 2019. The balance sheet shows some liabilities—specifically, two recorded accounts payable invoices. Does this mean we actually have to file a financial report or not?
According to the Finance website: "An entrepreneur who had no business transactions during the fiscal year, and whose business books contain no data regarding assets or liabilities, is required to submit a statement of inactivity for the previous fiscal year to the Registry, or to Finance, by April 30th of the current year."

But we *do* have data on liabilities because of those two invoices...
How to sign up for Medicare in Business, Accounting & Taxes ·
I have another question for you all 😉 . An employee is currently working in a manager role at the company. However, there was a filing made at the District Court where she was officially listed as a Director alongside the board members. Does an employment contract addendum need to be drafted immediately, and should we update her status with Medicare regarding the job title right away... or can we just wait until January 1st?
How to sign up for Medicare in Business, Accounting & Taxes ·
urbanwalker72 said:You might want to try using the online Social Security portal or whatever the digital equivalent is called; there really isn't any harm in attempting it. Just navigate to the section for updating insurance bases and see if they grant the request.

It's done. It went through.
How to sign up for Medicare in Business, Accounting & Taxes ·
Does anyone happen to know if it’s possible to adjust the pension records for a worker who isn't employed anymore? We need to update the insurance base...