California Accounting Center November Tax Newsletter

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From California Accounting center


<http://www.cpaemailmarketing.com/images/9542_calaccou_spacer.png>


Featured Articles For November, 2011


Year End Tax Saving Ideas For Individuals
<http://www.calaccounting.com/newsletter.shtml#1>
Learn more about how you can cut your 2011 tax bill by deferring income,
accelerating deductions, and planning ahead for capital gains.

Year-End Tax Planning for Businesses
<http://www.calaccounting.com/newsletter.shtml#2>
There are a number of end of year tax strategies businesses can use to
reduce their tax burden for 2011. Here's the lowdown on some of the best
options.

Retirement Contributions Limits and Other Tax Benefits for 2012
<http://www.calaccounting.com/newsletter.shtml#3>
Maximum contribution limits for your 401(k) and other retirement plans for
2012 announced. Read more to learn what these are.

Three Most Common Budgeting Errors
<http://www.calaccounting.com/newsletter.shtml#4>
Do you find it tricky to maintain a budget for your business? Here's how to
avoid three of the most common budgeting mistakes and take control of your
company's finances.


Tax Tips


Income from Foreign Sources
<http://www.calaccounting.com/newsletter.shtml#5>
Check Your Withholdings <http://www.calaccounting.com/newsletter.shtml#6>
Expanded Adoption Credit <http://www.calaccounting.com/newsletter.shtml#7>


Financial Planning Tips


Make Gifts to Minimize Estate Taxes
<http://www.calaccounting.com/newsletter.shtml#9>
Year-End Tax Review Meeting
<http://www.calaccounting.com/newsletter.shtml#10>
Review October's Budget vs. Actuals
<http://www.calaccounting.com/newsletter.shtml#11>


Tax Due Dates


Anytime

Employers - Income Tax Withholding. Ask employees whose withholding
allowances will be different in 2012 to fill out a new Form W-4.


November 10

Employers - Social Security, Medicare, and withheld income tax. File Form
941 for the third quarter of 2011. This due date applies only if you
deposited the tax for the quarter in full and on time.

Employees who work for tips - If you received $20 or more in tips during
October, report them to your employer. You can use Form 4070.


November 15

Employers - Nonpayroll withholding. If the monthly deposit rule applies,
deposit the tax for payments in October.

Employers - Social Security, Medicare, and withheld income tax. If the
monthly deposit rule applies, deposit the tax for payments in October.

Click here <http://www.calaccounting.com/newsletter.shtml> to read the rest
of the newsletter.

Please call us at (415)474-1111 if you have any questions.

California Accounting Center
16 Jessie Street, Unit C116
San Francisco, CA 94105
<http://www.calaccounting.com> www.calaccounting.com
(415)474-1111


These newsletter articles are not to be used by the recipient for the
purpose of avoiding federal tax penalties that may be imposed on any
taxpayer.

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