June, 2006
Major Tax Deadlines for June 2006
What's New in Taxes
New Business
What's New in Finances
Take A Break

Major Tax Deadlines for June 2006

June 15 - Second quarter 2006 individual estimated tax is due.

June 15 - Due date for calendar-year corporations to pay second installment of 2006 estimated tax.

June 15 - Due date for calendar-year trusts and estates to pay second installment of 2006 estimated tax.

NOTE: Businesses are required to make federal tax deposits on dates determined by various factors that differ from business to business.

Payroll tax deposits: Employers generally must deposit Form 941 payroll taxes (income tax withheld from employees' pay and both the employer's and employees' share of social security taxes) on either a monthly or semiweekly deposit schedule. There are exceptions if you owe $100,000 or more on any day during a deposit period, if you owe $2,500 or less for the calendar quarter, or if your estimated annual liability is $1,000 or less.

Monthly depositors are required to deposit payroll taxes accumulated within a calendar month by the fifteenth of the following month.

Semiweekly depositors generally must deposit payroll taxes on Wednesdays or Fridays, depending on when wages are paid.

For more information on tax deadlines that apply to your business, contact our office at (336) 838-4100 or email JFaw@ConcordePlanning.com.

 

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Information provided is obtained from sources deemed to be reliable, but Westminster Financial Securities, Inc. and its affiliated companies do not guarantee the accuracy or completeness of the information or make any warranties with regard to the results to be obtained from its use. Neither Westminster Financial Securities, Inc. or its affiliated companies shall be liable for any claims or losses of any nature, including, but not limited to, lost profits, punitive or consequential damages. This material is for informational purposes only. 

We do not give tax or legal advice.  The comments regarding tax and estate planning techniques in this material simply reflect our understanding of current interpretations of the applicable laws.  Since laws are always subject to interpretation and possible changes, we recommend that you seek the counsel of an attorney, accountant or other qualified tax advisor for advice on how this general information may apply to your particular situation.

The opinions and forecasts expressed may not actually come to pass. This information is subject to change at any time, based on market and other conditions. This newsletter is not to be construed as an offer to sell or the solicitation of an offer to buy any securities and should not be construed as a recommendation of any specific security. Information provided is obtained from sources deemed to be reliable, but Westminster Financial Securities, Inc. does not guarantee the accuracy or completeness of the information or make any warranties with regard to the results to be obtained from its use. WFS shall not be liable for any claims or losses of any nature, including, but not limited to, lost profits, punitive or consequential damages. Past performance does not guarantee future results.

The information contained in this site is of a general nature and should not be acted upon in your specific situation without further details and/or professional assistance. For more information on anything in this newsletter or for assistance with any of your tax, business, or financial strategy concerns, contact our office at (336) 838-4100 or e-mail JFaw@ConcordePlanning.com.

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