Archive for September, 2011

Expiration of FUTA Surtax on 6/30/11

Tuesday, September 20th, 2011

The Federal Unemployment Tax Act (FUTA) is a tax known to all employers. This tax is imposed on employers on the first $7,000 of wages paid to their employees annually. It historically has comprised of a permanent rate of 6.0% plus a temporary surtax of 0.2% since 1976. This rate is then reduced against state […]

NYS Sales Tax Returns due 9/20

Tuesday, September 13th, 2011

Monthly and quarterly filers need to have their New York State sales tax returns submitted by Tuesday, September 20, 2011.

NJ Sales and Use Taxes due 9/20

Tuesday, September 13th, 2011

The following New Jersey State sales and use taxes, and their required forms, are due by Tuesday, September 20, 2011: ST-51 – Monthly remittance ST-250 – Combined Atlantic City luxury tax and State sales tax monthly return ST-350 – Combined Cape May County tourism sales tax and tourism assessment monthly return ST-451 – Salem County […]

NJ Hotel/Motel Occupancy Fee due 9/20

Tuesday, September 13th, 2011

Hotels and Motels need to file Form HM-100 by Tuesday, September 20, 2011 for New Jersey State occupancy fee and municipal occupancy tax monthly return.

IRS Increases Mileage Reimbusement Rates

Tuesday, September 13th, 2011

Effective 7/1/2011 through 12/31/2011 the IRS has announced an increase in the standard mileage reimbursement rate for business use as well as medical and moving use. The only rate that has not been changed is the rate applicable to mileage for charitable purposes.   RATES PURPOSE 1/1/11 – 6/30/11 7/1/11 – 12/31/11 Business $0.51 $0.555 […]

NJ Partnerships: Returns due 9/15 for extension filers

Monday, September 12th, 2011

Partnership returns for calendar year filers who requested a five-month extension are due Thursday, September 15, 2011. Form NJ-1065 needs to be filed.

NJ Individual Gross Income Tax due 9/15

Monday, September 12th, 2011

Form NJ-1040-ES is due Thursday, September 15, 2011 for installment payment of estimated tax for the third quarter of the 2011 tax year.

NJ Employer Gross Income Tax due 9/15

Monday, September 12th, 2011

Form NJ-500 is due on Thursday, September 15, 2011 for employer’s monthly remittance.

NJ Corporation Business Taxes due 9/15

Monday, September 12th, 2011

Thursday, September 15, 2011 is the due date for the following New Jersey Corporation Tax forms: CBT-100 – Annual return for accounting periods ending May 31 CBT-150 – Installment payment of estimated tax for 4th, 6th, 9th, or 12th month of current tax year

NYS Partnership and Fiduciary returns due 9/15 for extension filers

Monday, September 12th, 2011

Partnership and Fiduciary New York State returns are due Thursday, September 15, 2011 for calendar year taxpayers who requested an automatic five-month extension.