2020 Federal Tax Deadline Extended to July 15, 2020

2020 Federal Tax Deadline Extended to July 15, 2020 In response to the COVID-19 pandemic, the IRS has postponed the April 15 federal tax filing and payment deadline to July 15, 2020. This extension is automatic and applies to all individuals and corporations. It’s important to note that the extension only applies to federal tax deadlines, not state. Check with …

Will Multi-State Taxes Get Simpler for Contractors?

In 2019, a bill is advancing to the U.S. Senate Committee on Finance that could significantly change how construction employers who work in multiple states handle their payroll taxes. The proposed S. 604, currently known as the Mobile Workforce State Income Tax Simplification Act of 2019, seeks to “limit the authority of States to tax certain income of employees for …

Three States Extend 2019 W-2 Deadlines

As of the first week of February, three U.S. states and one U.S. territory have extended the electronic filing deadline for Forms W-2 Wage and Tax Statement. Iowa and Puerto Rico cite technical reasons for their extensions. Both Wisconsin and Michigan extended their deadlines because of recent severe weather conditions that closed state agencies and disrupted U.S. Postal Service delivery. …

Delivery From the IRS May Be Delayed. But Deadlines Aren’t

If you ordered paper Forms W-2, W-3 and 1099 from the IRS in late December, you may not receive them until after the January 31 filing deadline. As of the time of publication, the IRS is not extending this deadline and, instead, encourages employers to look for these forms at office supply stores. The IRS additionally reminds companies that Form …

Taking on Multi-State Taxes Like a Pro

How to Cross the Border: Taking on Multi-State Taxes Like a Pro by Fred Ode In a construction company, you have thousands of moving parts to keep track of at all times — literally and figuratively. Besides maintaining and tracking equipment, bidding, hiring, and managing job sites, construction payroll alone can give you plenty to navigate. Just look at state …

Payroll Solutions for Contractors – Easily Manage Tax Deposits And Filings

Payroll Solutions That Help Contractors Manage Tax Deposits And Filings Taxes can be confusing–especially if you’re a contractor working multiple jobs in multiple states and localities–all with varying pay and tax rates.  And with tax laws changing all the time, it’s getting harder and harder to abide by those rules and to avoid penalties. There is a solution, though!  Outsourcing …