As we roll in to 2023, there's some deadlines
I want to make sure you know about,
because I don't know if you're like me,
but if you don't mark them in your calendar you sometimes forget.
So I wanted to put together this video to help you
remember what deadlines as a business.
And as an employer
that you're gonna need to know in 2023,are you ready?
Grab a pen and paper, I will share with you a way
you can get the PDF that has all of these and more
at the end. So stay tuned. If we've never met before.
Hello, I'm Candus Kampfer. And I love to help business owners
and bookkeepers create Confidence,
and simplicity with QuickBooks.
So let's jump in. I put together slides you guys know,
you may or may not know, I love slides. So you can review this at any time.
And I'll share with you how you get a PDF. So
let's start
as we go in to 2023. If you have independent contractors,
or you pay rent, and you need to do 1099's
don't forget the deadlines
are here, right? So
1099s NEC,
if you're going to E file them,
you're gonna want to make sure you're gonna do with Intuit.
You're gonna want to do it
before Jan by January 27, at 5pm Pacific,
so that they can be postmarked and out to the contractors by the end of the month,
the end of January.
If you're going to mail them
and not file,
E-file,
you must have them postmarked by the end of month, right?
So the same thing, if you're having Intuit send it
you have to do it by the 27th. So they consider by 31st.
If you're gonna buy the forms,
stick them into your printer and print them
then you just make sure you also have it postmarked
by the end of the month to get it to the contractor. Okay?
For 1099s, miscellaneous, you can e-file
your 1099 miscellaneous forms by the 29th
of
by March 29.
So they can be processed by the end of March.
If you're going to mail them,
you must, and you're not gonna to file them, you must have them
postmarked the 28th of
February. Okay, so my tip
is I just like to get all of my 1099s whether they're 1099 miscellaneous,
1099 NEC. So the difference is
the 1099.
NEC is gonna be more it's gonna be the
independent contractor side,
the 1099 miscellaneous can be all the other things, okay.
So
whichever one you're gonna be sending,
make sure
that you are doing it by January just to give you peace of mind, okay
if you're needing more support on learning like
how to do 1099s, set them incorrectly,
you may want to check out Confidence with QuickBooks, it's my program
where I teach you exactly how to set all of those types of things up
The W2, W3 forms forms
will be available
from Intuit
because you don't actually have to buy forms, you can print them straight from intuit.
on January 13th
Okay,
so if you're trying to process your W2s before that,
you're not gonna be able to get those from Intuit before that.
If you want to E file them,
you just want to make sure that you get the E filing done
by January 27, as well,
so that they can go out by the end of the month, the 31st.
If you're going to mail them
not a E-File
Then you're gonna want to make sure you send your copy
B, C,
two form
to your W2,
employee. Remember so
independent contractors are 1099s employees, people you pay
payroll taxes on, they're very different
are going to be on the 31st.
If you're going to process your forms through Intuit,
they will make sure that they are mailed by January 31st.
And that way they'll be getting out, there'll be some date.
So it's better to get stuff done a little early, don't wait to the last day.
That's why I'm giving you these right now.
So you can make sure you know the dates you need to be doing working on it
940 form. So this is the Federal
Unemployment form, right.
So there's two federal forms.
The first is the 940. Federal Unemployment Tax,
the form
deadline is January 31st
However, if you've deposited all of your
taxes throughout the year,
you have until February 10th.
Still, why wait, just get it done in January. That's, That's my rule of thumb,
the 941 form which is Social Security, Medicare,
and federal withholding,
that all goes on the 941, the fourth quarter, so those are done in quarters, right.
So the 940 form this one that I was talking about,
we only do once a year,
okay, 940 is done once a year.
The 941 is done every quarter.
So the fourth quarter
form deadline
is January 31st. Now depending on your state, your state may vary.
I am unemployed currently in California. So ours is the same deadlines.
Just make sure you get it done by January but check with your state.
Now we're gonna talk about sales tax deadlines.
So these are gonna be your deadlines for 2023.
But they're similar to what you had in 2022. Right. So you have your
you can either be paying sales tax monthly, quarterly or annually.
If it's monthly, it's gonna be due on the last day of the month
of the reporting period.
And if it's quarterly,
you will have the end of the quarter so January to March, April
April to June July,
July to September, October and
October to November is January.
Now, if you're doing pre payments, that's typically around the 24th. Now,
all of these deadlines can change. This is just as of right now,
for the data, I can find the dates, so just know things can change.
And then annually, you'll have till January 31, typically, okay,
so just make sure you're checking in on your dates.
Now, estimated taxes. So for 2023,
January to March is taxes
you're gonna want to pay by April 1 to April 31. By June 15, June to August,
September 15, September to December, January.
Alright, the dates, the quarters aren't really like traditional quarters.
So you'll notice
be paying really close attention
to the dates of the quarters, because
I remember, and I've shared this before, I'm like, wait, those aren't normal quarters.
So just be really careful.
And conscientious of these, always check with your tax professional,
they should be giving you these dates.
Now, this is a special one that most people
may forget about.
So every single state is different.
I can only speak to the state of California,
but they have what they call the secretary of state of information. So it's called
Statement of Information with the Secretary of State where
you're talking about your business and your let your
giving them updated information. In California, it's usually the
due date is usually six month window
that starts after the first month of incorporation. Now,
there's a little example here that you can read, you can always check with your state,
sometimes people don't realize that,
when they're in a state that they actually have to file,
the Statement of Information,
every state that I know of has this so make sure you're checking in.
In the state of California, I think it's a $25 fee
to file it. But if you don't, it's like a $500 penalty.
So this is just a tip, make sure you're checking in, if you didn't know,
check to see if you're an entity structure in your state,
LLC Corporation, those kinds of things
that if you need to be filing some state of information
with your secretary of state.
Now,
this is just some of the deadlines
that you will have in 2023.
If you'd like a PDF,
so you just have it where you can look at it,
feel free
to go to canduskampfer.com/2023.
It's a free PDF that I've put together that you can put your information in to get.
And I was curious,
how are your reports. So as we start talking about
preparing for the next year, getting ready for taxes,
we're talking about like are your reports at a level where you
understand what's happening where you can make decisions.
If you had a scale of one to 10, one being not at all 10 being
like dialed in perfectly. Think about it, where is your
QuickBooks at. And if you find that you're on a lower end of
that scale, and you'd like some support and learning how to read
your reports how to customize them,
I'm actually hosting a free class
that you can register by going to canduskampfer.com/workshop
It's a live workshop,
and we're gonna be talking about the three secrets to customizing QuickBooks,
we're gonna talk about
starting
with the end in mind,
which is what most people don't do.
You might like my YouTube videos, because I give you the why
behind what you're doing when I'm teaching you QuickBooks.
And that's a lot of what I find.
Most Intuit users QuickBooks users are missing.
Because typically we just go into we're like,
I need to enter an expense, you just go enter it.
And then you say,
I need to enter my income. And you just enter it.
But you're not thinking about
what you want to see on your reports.
So that's when you pull your report, you're like,
I don't even know what this is saying.
And the whole reason
we do QuickBooks right is
to make tax time easier,
and to be able to understand what's happening in our business.
And if you're not getting that tax time doesn't feel easy,
and you don't know what's happening in your business,
then it's time to get QuickBooks figured out. So
join me on my workshop,
you can go above or down below to click on the link.
And I look forward to seeing you there.
Or you can go to anduskampfer.com/workshop
And if you're looking for I mentioned this earlier,
some support with learning like the A-Zs of how QuickBooks works,
how to set it up,
how to enter your income, your expenses,
read your reports.
You can also consider
Confidence with QuickBooks. It's my training program
that I love to help and it comes with
bonus support calls. I look forward to seeing you inside there.
Go to Confidence with QuickBooks to find out more.
And
if you'd like to get these tips and tricks in your inbox, every single week,
you can go up above or down below and I'll email them to you.
They're typically more related to QuickBooks, but sometimes
we do things like this little bonuses
on things that you need to know about what's going on.
I'll be doing one soon
about what you need to know about some of the changes coming
on the 1099. So stay tuned for that.
Have an amazing day thank you so much for being part of my community
and I look forward to seeing you
on my workshop. That I'm doing.
Have a great day. Bye.