The Extension filing deadlines for S-Corps and Partnership (Multi-Member LLC) returns are due
Monday, September 16 while indvidual and Schedule-C returns will be Tuesday, October 15.
For 2023 the federal standard deductions are as follows:
$13,850 for single filers or married filing separately.
$20,800 for heads of household.
$27,700 for married filers.
Additional standard deduction amounts for over 65 or the blind is $1,500.
The additional over 65 standard deduction amount increases to $1,850 for single or head of household filers.
10% for incomes under $11,000 ($22,000 for married couples filing jointly)
12% for incomes over $11,000 ($22,000 for married couples filing jointly
22% for incomes over $44,725 ($89,450 for married couples filing jointly)
24% for incomes over $95,375 ($190,750 for married couples filing jointly)
32% for incomes over $182,100 ($364,200 for married couples filing jointly)
35% for incomes over $231,250 ($462,500 for married couples filing jointly)
37% for incomes over $578,125 ($693,750 for married couples filing jointly)
The Tax Cuts and Job Act abolished the Obamacare penalty on tax payers who were not covered by health insurance
for 2019 and beyond. However, if you are covered by a health insurer through healthcare.gov,
they will send you a form 1095-A in early 2024,
and we absolutely must have that form to finish your returns!
To assist taxpayers in deciding their withholdings claimed on their employers' W4 forms, the IRS provides
a withholding calculator which we recommend all our clients utilize. The withholding calculator is available at this link:
Our professionals bring over 50 years of combined tax experience so that we can help
you organize and manage your finances through our professional tax preparation & consultation.
Bookkeeping
Our bookkeepers provide full service bookkeeping utilizing Intuit QuickBooks Desktop and QuickBooks Online. We are
focused on the accounting needs of small businesses operating in the Flathead Valley of Montana.
Payroll
Our payroll accountants provide full service payroll through Intuit Quickbooks Desktop and Quickbooks Online. Clients
are responsible for all QuickBooks Onlne fees.
Pay periods are every two weeks. The pay period ends on Sunday. Payroll must be emailed to us first thing Monday. If payroll is not able to be
sent on Mondays, you will be on a two week waiting period for payday. (Instead of being paid the same week as the payroll is sent, payday will be
on the following Friday).
Payday is Friday
Payroll taxes will be automatically withdrawn from your business account the following Wednesday.
Corporate Maintenance
We can help you file your company Annual Reports each year, and have a staff of experts
that can help this process go as smoothly and as fast as possible.
Annual Minutes are yearly documents that record your company Annual Meeting information,
which is to be held each fiscal year by the directors, even if it is just yourself. Included in
these documents are: the date & location of your meeting, attendees, a summary of your company actions
throughout the last fiscal year, and a statement as to what the company’s future resolutions are.
Though they do not need to be reported, Annual Minutes must be documented in case an IRS audit
were to occur. At Western Business and Tax Services we help you organize
and file both Annual Reports and Annual Minutes.
The link below can be used to help you know if you qualify for an exemption from the Affordable
Care Act (Obamacare) tax penalty if you did not have health insurance for the previous tax year.
Access forms and publications
Research tax issues
(406) 752-6636 - Local Kalispell Number
(800) 829-1040 - Toll Free for Individuals
(800) 829-4933 - Toll Free for Businesses www.irs.gov
Montana Department of Revenue
Research tax issues
Sign up and pay individual income taxes online
Information on property tax assessments and reappraisals
(406) 758-5700 - Local Kalispell Number
(406) 444-6900 - Helena Call Center revenue.mt.gov
Personal Tax Exemptions and Deductions
Publication 501 from the IRS explaining the claiming of dependents, exemptions and filing information.
Administer changes to your Social Security Card
Plan and apply for retirement and disability benefits
View your Social Security Account www.ssa.gov
Medicare Administration
Enroll in Medicare
Access Medicare billing and claims
Compare health plan options in your area
Identify programs that may assist with your prescription drug and other health care costs
Compare nursing homes in your area www.medicare.gov
Research state labor issues
Guidance on rules and regulations
File a claim
Calculate unemployment benefits dli.mt.gov
Montana Unemployment Tax Division
Download forms
File claims
Research unemployment tax in Montana uid.dli.mt.gov
Electronic Federal Tax Payment System (EFTPS)
Enroll in tax payment program
Make payments online for individual, payroll and business taxes www.eftps.gov
Federal Employer Identification Numbers
Obtain Federal Employer Identification (FEIN or TIN) numbers irs.gov/businesses
Montana Business Tax Express
Sign up and make Montana withholding tax payments online app.mt.gov/bustax/
Montana State Fund
Insurance coverage including worker's compensation
Access forms and instructions
Information on reporting injuries and claims
Definition and guidance for independent contractors www.montanastatefund.com