Payroll – 941 Taxes.ppt

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Payroll – 941 Taxes.ppt Powered By Docstoc
					     Bob Parrish CPA

Payroll – 941 Taxes
Redesignating Income Tax
Estimates
  Who Qualifies?
  Any entity paying the payroll tax deposits (941
  Taxes).

    Corporations – Yes
    Sole Proprietors - Yes

 The taxpayer only need to have suffered a business
 downturn subsequent to September 11, 2001. The
 request must be made before the end of the year.
How Bob Parrish Can Help
   Represent you
   File for the request
   Recompute the estimated tax – to add
 documentation your business has suffered and make
 the estimate of the change In the tax.
   Change the 1040-ES forms for you personally
 and/or your corporation.
What You Need To Do
  If you are not currently a client download and fill-in the 2848
  Organizer. Click on the link to save it to your computer 2848
  Organizer
  An Excel S/S for informing us about a record of your estimates
  made Estimated Tax Revisions During The Year
  An organizer to update us on your income and deductions for
  the year (if we do not perform your bookkeeping. Self-
  employment Cost of Sales Organizer; Self-employment
  Expenses Organizer If you are incorporated: 1120
  Organizer; or the long form 1120 Organizer - 2
Redesignation Kit
 This is your Redesignation Kit and you may download the forms from this page. Follow the
 instructions of your web browser program to save the files to your local computer.
 2848 Organizer (used by both the sole proprietor and the corporation); PLEASE FILL IN, SIGN
 AND DATE.
 1040 Self-employed Packet Adobe Acrobat needed (use this if your are a sole proprietor);
 PLEASE FILL IN AND RETURN TO BOB PARRISH CPA - SEE NOTE #1
 1120 Organizer Adobe Acrobat Needed (use this if your are incorporated. In addition you will
 need to use the sole proprietor version to list your income and expenses); PLEASE FILL IN AND
 RETURN TO BOB PARRISH - SEE NOTE #1
 Estimated Tax Revisions During The Year (generally you will need to fill-in only the tax
 payments record portion); PLEASE FILL IN SO THAT WE KNOW HOW MUCH THE
 FEDERAL INCOME TAX DEPOSITS HAVE BEEN

 NOTE #1: If we are already doing your bookkeeping or you would like for us to do the
 bookkeeping, please furnish the information to perform all the bookkeeping functions and there is
 no necessity for you to download or fill-in the business portions of the organizers.

 Other forms that might be useful to you:
 Property Basis New Equipment Purchase
 •Balance Sheet
 •Cash Flow For 12 months
 •Daily Cash Report
 •Shareholder Basis - S Corporation
 •Weekly Travel & Entertainment Report
 •Trial Balance
 •Trial Balance
 •Trial Balance - Law Office
The End

				
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