Take the time to add all of the important deadlines to your personal calendar. The days shift slightly year by year, so a repeating reminder didn't work for me. The last prepaid tax payment for 2019 is due on January 15, 2020 and any 1099 to contractors are due at the end of the month, so don't forget those as well. There's a couple of miscellaneous dates around there as well, so it really depends on the business. For me, I refresh the calendar once a year when I file my federal return and mark all dates until the return the following year.
Also, get an account with EFTPS (https://www.eftps.gov/eftps/), which makes it easier to make payments. They have to snail mail you a pin code, so register sooner rather than later to account for the delay.
Also, if you'll be sending out 1099s to contractors (and a 1096 to the IRS), put a link to https://www.irs.gov/businesses/online-ordering-for-informati... in your calendar/reminder for January 2nd, so you can order the printed forms by mail, fill them out, and get them out to your employees by January 31st. (Move the reminder to December if you might need a bit more time.)
9 comments
[ 5.0 ms ] story [ 28.8 ms ] threadAlso, get an account with EFTPS (https://www.eftps.gov/eftps/), which makes it easier to make payments. They have to snail mail you a pin code, so register sooner rather than later to account for the delay.
Also, if you'll be sending out 1099s to contractors (and a 1096 to the IRS), put a link to https://www.irs.gov/businesses/online-ordering-for-informati... in your calendar/reminder for January 2nd, so you can order the printed forms by mail, fill them out, and get them out to your employees by January 31st. (Move the reminder to December if you might need a bit more time.)