HOW IT WORKS - ENTITIES

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TABLE OF CONTENTS

HOW IT WORKS -
ENTITIES
Developed for use exclusively by:
Our customers/clients.
This information is an attempt to answer a few questions about your business entity. It is
not all inclusive but rather a place to turn to for a first reference when questions arise.
AT THE START: . . . . . . . . . 2 View

What needs to be done now.
PAYROLL DEPOSITS - OVERVIEW: . . . . . . . . . 3 View

Simple overview
THE FIRST QUARTER . . . . . . . . . 4 View

How an example quarter works - dates, filings
THE FIRST YEAR . . . . . . . . . 5 View

The deadlines, the filings
CHANGES . . . . . . . . . 6 View

salaries, location - addresses
BOOKS . . . . . . . . . 7 View

THE CHECKBOOK (or Journal)-all entries ( View )must show category or account (View ) . 8,9

Example MINUTES: (n/a for Proprietorships) . . . . . . . . . 10 View

for annual company meeting minutes, etc.
SOME REQUIREMENTS / SUGGESTIONS . . . . . . . . . 11 View

payrolls, salary, minutes, 1099s, workmans comp., loans, client money saving tips
COMPUTER USAGE . . . . . . . . . 12 View

How we work: invoicing, past due accounts, canceled services . . . . . . . . . 13 View

ASSET SOLD/ BOUGHT, DEPRECIATION . . . . . . . . . 14 View

ANNUAL BUSINESS REVIEW - Use w/ annual meeting. . . . . . . . . . 15 View

A HIGHLIGHT OF RECENT CHANGES see blog
1099s who gets them, what amounts reported . . . . . . . . . see website or IRS Publ 334
Comparing entities . . . . . . . . . On consultation basis
Some options available . . . . . . . . . On consultation basis
renting office space, To hire family or not

GRID                        HIW TABLE OF CONTENTS     GRID      

          Business Owners:                    
 
  EOM Q Y = End of Month, Quarter,Year
CRUCIAL DATES                  
  Payroll & Sales Tax Company Personal / 1040  
  Your Deposits Returns - (EOQ) At: End of Year Tax Deposits Returns Estimates / Returns  
  MI SUW dep-Mail (>$500) BankFTD(941>$1000,940>$100) MESC 1017 Wage detail  MESC 1020 return 941 Fed. Payroll return 940 FUTA (or>$100)
MI SUW return with W-2s		 1099s (1096) / W2s (W-3) 1120W-C Corp Est -BankFTD MI SBT Deposit 1120 or 1120S Corp Return MI SBT ( SALES >250K) MI Ann. Report for Corp.s 1040 ES -FED & MI- Mail 1040 Personal Return Schedule Your Reviews  
Jan   15th 25th 25th EOM EOM   EOM to Recipient           15th   X Jan
Feb   15th         EOM EOM: IRS / SSA                 Feb
Mar   15th                 15th           Mar
Apr   15th 25th 25th EOM       15th     EOM   15th 15th   Apr
May   15th                     15th       May
Jun   15th             15th         15th     Jun
Jul   15th 25th 25th EOM                     X Jul
Aug   15th                             Aug
Sep   15th             15th         15th     Sep
Oct   15th 25th 25th EOM                       Oct
Nov   15th                             Nov
Dec   15th             15th Call for E O Y planning appointment 12/10-12/24 > > X Dec
Email files, UA, & deposit info to us by the 10th          to these dates for any assistance.
< 10 days after the end of each quarter. 
Copyright 2004 Anibal Affiliates, Inc. may not be reproduced without written permission

NETWORTH NETWORK		  
02/25/07 

  

This material was developed with much research and interaction with clients, IRS, & others.

It is for the exclusive use of our existing paid customer/ clients base.

It may not be reproduced or redistributed in any way without prior written permission of the authors.

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