Monday, January 31, 2011

Quarterly tax deadline today for small business, so tired...

Did my Federal 941 for SS and Medicare, Colorado UI forms UITR-1 and UITR-1a, almost forgot 940 Federal Unemployment tax, which I think I had to do regardless of the amount because it was year-end.  In addition to the normal state and federal income taxes, which I can remember better.  Forgot that EFTPS (mandatory electronic) 941 payment takes a whole business day, and so no matter how early it is scheduled today, it is already late.  :-(   
(What is up with an electronic payment not being same-day, sheesh). 
Lucky the others can just be postmarked today.  :-)   
Keeping better records of the taxes I paid this time, hoping to do better with the next quarterly 4/30/11...  Also, I will pay the penalty when the notice arrives, and write a nice letter appealing the penalties, and hope for the best, it does work sometimes...

Cheers, 
Connie "Hope Springs Eternal" O'Dell 
Sr. Verification Specialist, Bookkeeper, 401K administrator, President, and Janitor
(kinda slacking off on the last)
c.odell@co-consulting.net 
303-641-5191 
_____________________________________________ 
CO Consulting - Boulder, CO - http://co-consulting.net

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