Happy New Year from Holt Pros!

Happy New Year 2014 Blue Background

Holt Pros wishes you a very successful and Happy New Year!

Enrolled Agents (EA) – Trusted Tax Preparers

We Speak Tax EA LogoLearn about Enrolled Agents (EA) with this great video!

Proud member of the National Association of Enrolled Agents!

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Commit to Your Community

helping your business grow Excellent article by 30 Second Marketing Tips on the advantages of making a commitment to your community. Reach out and make a difference  in your community.

  Make a Commitment to Your Community – by 30 Second Marketing Tips

14 States with Minimum Wage Increases for 2014

Fourteen states have announced an increase in their minimum wage rate. Employers in these states should update their payroll records accordingly, install applicable payroll tax table updates in their payroll system and update their state regulated wage posters for employees.

2014 Minimum Wage Rates

Consult your applicable state labor department website for additional information.

Merry Christmas from HoltPros!

Merry Christmas Everybody

Holt Pros wishes you and your family a blessed Merry Christmas!

Business Tax Filing Season Begins January 13, 2014

tax time clock

The IRS will begin accepting 2013 business tax returns on Monday, January 13, 2014. This start date applies to both electronically-filed and paper-filed returns.

Business returns include any return that posts on the IRS Business Master File (BMF). BMF returns include a variety of income tax and information returns such as Form 1120 filed by corporations, Form 1120S filed by S corporations, Form 1065 filed by partnerships and Form 1041, the return filed by estates and trusts. It also includes various excise and payroll tax returns, such as Form 720, Form 940, Form 941 and Form 2290. The IRS expects to be able to begin processing any of these business returns on Jan. 13.

The Jan. 13 start date does not apply to unincorporated small businesses that report their income on Form 1040. The start date for all 1040 filers is Jan. 31, 2014. Although the IRS encourages these small businesses to begin preparing their returns now, it will not be able to accept these or any other individual returns or begin processing them until Jan. 31. This includes sole proprietors who file a Schedule C, landlords who file a Schedule E and farmers who file a Schedule F.

2014 Tax Filing Season for 1040 Filers Opens January 31, 2014

irs with 1040The Internal Revenue Service announced they plan to open the 2014 tax filing season for all 1040 filers filing their 2013 income taxes, on January 31, 2014. This includes all small business owners that file on Schedule C as sole proprietors, Schedule F as Farmers, or Schedule E as landlords. Anyone expecting a tax refund is strongly encouraged to file electronically (e-file) to receive their refund in the fastest manner.

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