Year End Tax Planning, New Per Diem Rates, New W-4 and more
End of Year Tax Planning
Contact us to get started on year end tax projections. You can call us or email us to get started. Here is what may need to get started:
YTD Income
Latest pay stub
Estimated tax payments made
Other income items to date
Call us - 828-242-6971 or email: peridot@peridotconsultinginc.com.
January 15, 2020 - 4th Quarter Tax Payments Due (last opportunity for 2019)
Also, just a friendly reminder that January 15th will be here before you know it and it will be the last opportunity for 2019 to pay toward estimated taxes. By starting the Year End Tax Planning process now, we can help you figure out the last estimated tax payment.
Tax Strategies Podcast
Lesser Known Tax Strategies by John Michael Kledis, EA, CFE, CVA Don't miss this podcast where John Michael discusses lesser known tax strategies - such as 1202 stocks to 338 Transfers to 1031 Exchanges and more. Click here to listen to the podcast.
UPCOMING TAX CHANGES
New IRS W-4 Form coming in 2020
The IRS has announced a new W-4 Form will be released for 2020. It is not ready yet, but you can see the draft of what it looks like:
Draft 2020 Form W-4
To read the FAQs about it, visit the IRS site here:
https://www.irs.gov/newsroom/faqs-on-the-draft-2020-form-w-4
Business Travelers - New Per Diem Rates in Effect
If you travel away from home for business, the IRS has released new per diem rates effective October 1, 2019 thru September 30, 2020. To read the IRS release, click here.
To read a brief summary from the Journal of Accountancy, click here.
HOLIDAY MOVIE TIME!
Mark your calendars!
Saturday, December 7th
10AM
Join the Peridot team for the Annual Holiday Movie at the Fine Arts Theatre for a private viewing of Christmas Vacation.
Non-alcoholic beverages and popcorn provided
Bring your family!