Category Archives: Accounting tips

Accounting advice from EJK Accounting & Tax

02.11 2015

2015 Tax Deadlines

Tax deadlines for filing year 2014For everyone who’s looking to start the new year off right, check out the tax filing dates below. Don’t forget to talk to your tax preparer about gathering information needed to complete these filings.

Deadlines for Businesses and Non-profits

  • February 2, 2015 – W-2′s due to employees; 1099′s due to contractors/investors/others
  • March 2, 2015 – W-3 and 1096’s due to IRS
  • March 16, 2015 – Corporate tax returns or filing extension due to IRS
  • May 15, 2015 – Non-profit tax returns or filing extension due to IRS

Deadlines for Individuals

  • April 15, 2015 – Individual tax returns or extension due to IRS

If you are unsure of your filing requirements, visit the IRS website to determine your obligation.

08.15 2012

New Ordinance: Seattle Paid Sick leave

Learn about City of Seattle's new ordinance for sick and safe time.As of September 1, 2012, the City of Seattle will require employers to offer paid sick and safe time to their employees. Here’s what you need to know:

  • All businesses with 5+ employees are required to track employee hours worked, and sick and safe time accrued and used.
  • Sick and safe time includes leave for mental or physical illness, the need to care for a family member, and other reasons (more details here).
  • Required accrual rates are based on the number of employees per business.  See requirements here.

Visit the City of Seattle website for more information.

02.05 2012

The Low Down on Tips

If your staff receive tip income, here’s what you need to know about your reporting requirements:What employers need to know about tip income reporting requirements.

  • Tips are taxable - Cash or not, tips are subject to federal income, and Social Security and Medicare taxes.
  • Tips must be reported - Employees are responsible for reporting tips to their employer. Employers are responsible for reporting tip income to the IRS, and for withholding federal income, Social Security and Medicare taxes.
  • Tips are easily recorded – The IRS offers form 1244, Employee’s Daily Record of Tips and Report to Employee, to help employees and employers record tip income.

Visit the IRS website if you want to learn more about requirements for reporting tip income.

01.10 2012

2012 Tax Deadlines

For everyone who’s looking to start the new year off right, check out the tax filing dates below. Don’t forget to talk to your tax preparer about gathering information needed to complete these filings.

Deadlines for Businesses and Non-profit Organizations

  • January 31, 2012 – W-2’s due to employees; 1099’s due to contractors/investors/others
  • February 29, 2012 – W-3 and 1096’s due to IRS
  • March 15, 2012 – Corporate tax returns or filing extension due to IRS
  • May 15, 2012 – Non-profit tax returns or filing extension due to IRS

Deadlines for Individuals

  • April 17, 2012 – Individual tax returns or extension due to IRS

If you are unsure of your filing requirements, visit the IRS website to determine your obligation.

10.10 2011

Calling local business owners to…

EJK is excited to work with the Seattle Good Business Network to promote our local economy.

As a small, local business owner with locally minded clients, EJK is excited to welcome the Seattle Good Business Network (SGBN) to our family.  SGBN is a non-profit organization dedicated to building unique and sustainable local economies. To do so, SGBN works with local business owners to promote their products and educate Seattleites on the importance of buying local.

Not only do we encourage business owners to become part of the Think Local program, we’re excited about SGBN’s Eat Local Now! event, at the end of this month. Thank you SGBN for being one of our hardest working business partners.