|
Product Updates
ALC611 Set Up a Sole Proprietorship UPDATES
Page 120: All amounts of $25,000 in the last paragraph are changed to $102,000. (occurs 4 times)
Page 121: Under number 4, the last amount of $25,000 is changed to $102,000 and in the last paragraph the amount of $25,000 is changed to $102,000.
Page 122: In the second paragraph, change the amount of $25,000 to $102,000.
Page 123: In the first paragraph, change $25,000 amounts to $102,000. (occurs 3 times) Also under number 3, change amount from $25,000 to $102,000.
Page 169: Payroll Checklist. Under "Pay Payroll Taxes" change $500 amounts to $2500. (occurs 2 times)
Page 171: Change last sentence in third box under "Sole Proprietorship Tax Forms Checklist" to May be filed if expenses are under $5,000 and other qualifications are met.
Page 172: Change last sentence in second box to Used by all employers with quarterly employee tax liability over $2,000.
Change amount in first box under "Sole Proprietorship Monthly Tax Schedule" from $1000 monthly to $2500 quarterly.
The form mentioned in the first box under "Sole Proprietorship Quarterly Tax Schedule" should be IRS Form 1040-ES.
Change amount in third box under "Sole Proprietorship Quarterly Tax Schedule" from $100 to $500.
|
