 |
Accounting & Bookkeeping & Small Business Forum
Accounting, Bookkeeping, Marketing, and Small Business Resource
|
| View previous topic :: View next topic |
| Author |
Message |
charity8987
Joined: 29 Mar 2007
Posts: 12
Location: Vernon, CT
|
| Posted: Tue Sep 11, 2007 7:08 pm Post subject: Help! What in the world are "quarterlies"? |
|
|
A potential client called me and asked if I do tax preparation, I had no choice but to say no. That already was a negative hit. Then she asked if I did quarterlies and end of year reporting. I told her I was happy to get back to her on that, since I have no clue what that is. I know she was thinking "how does this person not know if they do quarterlies or not?".
I know I probably blew it with this person, but how to I answer this question in the future? I took the UAC's bookkeeping course and I got a 93 on the final. But I am stuck here!!!
Help! |
|
| Back to top |
|
David
Joined: 16 Aug 2005
Posts: 183
|
| Posted: Fri Sep 14, 2007 9:35 am Post subject: |
|
|
Monica,
Contact your UAC coach. Just call the toll free number, tell them your a student and they will help you. |
|
| Back to top |
|
ashgyrl30
Joined: 05 Oct 2007
Posts: 1
|
| Posted: Fri Oct 05, 2007 10:12 pm Post subject: Quarterlies |
|
|
:D Hey hunni. Well, "Quarterlies" are your payroll reports that are due on a quarterly basis. All items that are withheld from your paycheck such as Federal withholding, State withholding, your Social Security and Medicare (FICA) are all due by the 15th of the month if you are a scheduled monthly depositor. Some are weekly depositers, and some are quarterly... (its all based on the amount of gross payroll and your filing frequency is decided by the IRS and the particular state)
At any rate, you make your deposits generally by the 15th or 20 of the month, but every quarter, you compile and send in these "Quarterly" reports.
Also, if they have sales tax, this is due as well. Scrap tire disposal taxes as well.
E-mail me if you have any questions. |
|
| Back to top |
|
| |
|