Featured Articles for August 2023

Tax Breaks for Teachers and Other Educators
As the new school year begins, teachers, administrators, and aides should remember to keep track of any education-related expenses that could help reduce any tax owed next spring.

Deducting Business-Related Vehicle Expenses
If you’re self-employed and use your car, SUV or other vehicle for business, you can deduct certain business-related vehicle expenses.

Minimizing Capital Gains Tax on Sale of a Home
Learn how to save tax when you sell your home and why home improvements can make a difference.

Tax Tips

It’s Natural Disaster Season: Safeguarding Tax Records
A Tax Checklist for Newly Married Couples
Tips on the Tax Treatment of Gifts

QuickBooks Tips

QuickBooks and Word Improve Customer Relationships

Tax Due Dates

August 15

Employers – Nonpayroll withholding. If the monthly deposit rule applies, deposit the tax for payments in July.

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

September 11

Employees Who Work for Tips – If you received $20 or more in tips during August, report them to your employer. You can use Form 4070.

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Please call us at (727) 785-5228 if you have any questions.

Sean Davis CPA PA
29605 U.S. Hwy 19 N., Suite 260
Clearwater, FL 33761
seandaviscpa.com
(727) 785-5228