One of the benefits of Chamber Membership is that we are always looking for information that can lower your operating expenses and benefit you in your business. We all know that 2018 brings new changes to the tax code. Over the next eight weeks, we will be adding a new Tax Tip to the blog that can hopefully make a big difference in your return.
This week's tax tip: Taxes MUST be paid as you earn or receive income during the year, either through withholding, estmiated tax payments, or a combination of both. A Paycheck Checkup using the IRS Withholding Calculator (click here) can help you see if you need to make an additional payment to avoid an unexpected tax bill or underpayment penalty when you file your tax return next year. You may need to make estimated payments if you:
Printed courtesy of www.lodichamber.com/ – Contact the Lodi Chamber of Commerce for more information.
35 S. School St., Lodi, CA 95240 – (209) 367-7840 x100 – frontdesk@lodichamber.com