January 2025 📅 January 15 – Q4 2024 Estimated Tax Payment Due (Individuals & Businesses) 📅 January 31 – Employers: Deadline to send W-2 forms to employees and 1099-NEC to independent contractors. Businesses: File Form 941 (Quarterly Federal Tax Return) for Q4 2024. File 1099-NEC forms electronically with the IRS (for non-employee compensation). February 2025 […]
January 2024 📅 January 16 – Q4 2023 Estimated Tax Payment Due (Individuals & Businesses) 📅 January 31 – Employers: Deadline to send W-2 forms to employees and 1099-NEC to independent contractors. Businesses: File Form 941 (Quarterly Federal Tax Return) for Q4 2023. File 1099-NEC forms electronically with the IRS (for non-employee compensation). February 2024 […]
Tax consultants play a crucial role in the United States by providing valuable guidance and assistance to individuals and businesses in navigating the complex tax landscape. Here are some key reasons highlighting the importance of tax consultants in the USA: Expertise in Tax Laws: Tax laws in the USA can be intricate and constantly evolving. […]
In November 2019, the IRS released the new tax brackets for 2020-2021 with modest changes. The standard deduction was also modified raising the deduction to $12,400 for both single filers and married couples filing separately. Married couples filing jointly can deduct $24,800, and those filing as heads of households can deduct $18,650 in 2021. Here […]
The most recent tax policy – the Tax Cuts and Jobs Act of 2017 – didn’t add any brackets, but it did rearrange some percentages in the seven brackets. The most notable change was reducing the marginal tax rate in three of the four lowest brackets by 1%-to-4%. The new law also nearly doubled the […]
We understand that businesses are dynamic and experience a range of circumstances throughout an ordinary business cycle. The difference between success and failure for most businesses is how well they budget and manage their cash flow. However, most owners are unable to dedicate the time needed to create the thorough budgeting, forecasting and cash flow […]
More than accounting standards support Significant events can bog down finance departments, such as accounting for complex transactions and developing memos for accounting positions, amongst other challenges. Our professionals help clients with a wide range of accounting support needs, including financial reporting support, and regulatory and governance support. Our professionals provide clients with the following […]
Comprehensive thinking for your financial goals As entrepreneurs and professionals start their careers, prepare for their family’s future, or sell a business, they want to ensure that their money is working for them to meet their professional and personal financial goals. SMK’s Wealth Advisory Practice is integrated with other related services to build an extensive […]
Knowledgeable resources at every stage of the transaction Mergers and acquisitions span continents, time zones, and languages. Evolving regulations, changes in market conditions, complicated accounting principles, and increased scrutiny only add to the complexity. SMK’s Transaction Advisory professionals have the knowledge, network, and experience to help mid-market companies navigate these issues and other factors affecting […]
Risk – inevitable, but not unmanageable Every day, publicly accountable entities are faced with uncertainties that must be managed carefully, proactively, and with proper guidance, especially as they relate to compliance and regulations. SMK’s Risk Advisory team services publicly accountable entities by providing innovative, cost-effective, and value-added solutions that make a difference, while taking into […]
