We specialize in bookkeeping, payroll, income tax return preparation, and retirement planning, and serve a nationwide clientele consisting of individuals and businesses of all types and sizes (LLC, partnerships, C & S Corporations), as well as trusts and estates. As financial problem solvers, we provide practical advice and proactive solutions with personalized service. We are affordable, experienced, and friendly, and we tirelessly study and research the ever-changing world of tax law and regulation so that we can help every client realize the greatest possible savings and return on investments. Our office is conveniently located in Dover, Delaware. Please contact us today to find out more about how we can make YOUR life less taxing!Tax
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๐ช๐ต๐ ๐ฑ๐ถ๐ฑ ๐บ๐ ๐ฝ๐ฎ๐๐ฟ๐ผ๐น๐น ๐๐ฎ๐
๐ฑ๐ฒ๐ฝ๐ผ๐๐ถ๐ ๐๐ฐ๐ต๐ฒ๐ฑ๐๐น๐ฒ ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ ๐๐ถ๐๐ต๐ผ๐๐ ๐บ๐ฒ ๐ฟ๐ฒ๐ฎ๐น๐ถ๐๐ถ๐ป๐ด ๐ถ๐?
Your 2026 schedule is based on the payroll tax liability your business reported during an earlier four-quarter period, called the ๐ญ๐ฐ๐ฐ๐ฌ๐ฃ๐ข๐ค๐ฌ ๐ฑ๐ฆ๐ณ๐ช๐ฐ๐ฅ. For businesses that file Form 941, it runs from July 1, 2024, through June 30, 2025.
To check which schedule applies to you in 2026, add up Line 12 on your Forms 941 for:
โข Q3 and Q4 of 2024
โข Q1 and Q2 of 2025
If the total is $50,000 or less, youโre generally a monthly depositor. If itโs over $50,000, youโre a semiweekly depositor.
If your schedule changed and you kept depositing on the old one, you may have incurred failure-to-deposit penalties.
Unsure which schedule applies, or already facing a penalty? Message us. We can check your filings and deposits, then review whether penalty relief is available.
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๐๐ฎ๐ป ๐๐ผ๐บ๐ฒ๐ผ๐ป๐ฒ ๐น๐ผ๐ผ๐ธ ๐ฎ๐ ๐บ๐ ๐ณ๐ถ๐น๐ฒ๐ฑ ๐๐ฎ๐
๐ฟ๐ฒ๐๐๐ฟ๐ป ๐๐ผ ๐๐ฒ๐ฒ ๐ถ๐ณ ๐ ๐บ๐ถ๐๐๐ฒ๐ฑ ๐ฎ๐ป๐ ๐๐ฟ๐ถ๐๐ฒ-๐ผ๐ณ๐ณ๐?
Yes, we can review a return youโve already filed, even if someone else prepared it, to check for deductions or credits you may have missed.
If we find something, we can amend your return to claim what was missed.
It wonโt apply in every situation. But if something looks off on one of your past returns, schedule an appointment and we can review it with you.
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๐๐ผ๐ ๐ฑ๐ผ ๐ ๐ฐ๐ต๐ฒ๐ฐ๐ธ ๐ถ๐ณ ๐บ๐ ๐ฝ๐ฎ๐๐ฟ๐ผ๐น๐น ๐ฟ๐ฒ๐ฝ๐ผ๐ฟ๐๐ ๐ฎ๐ฐ๐๐๐ฎ๐น๐น๐ ๐บ๐ฎ๐๐ฐ๐ต ๐บ๐ ๐ฏ๐ผ๐ผ๐ธ๐?
Pull a year-to-date payroll summary and your general ledger report.
Then compare:
โข Gross wages: Make sure total gross pay on your payroll summary equals the wage expense accounts in your GL.
โข Payroll liabilities: Check that unpaid employee tax withholdings and deductions on your balance sheet match the outstanding balances on your payroll report.
โข Employer payroll expenses: Verify that employer-paid taxes (FICA, FUTA, SUTA) and company contributions on your GL match your payroll summary totals.
Also watch for manual checks, voided paychecks, third-party sick pay, or unrecorded fringe benefits. (These are common culprits behind unexpected mismatches.)
If the numbers donโt line up, investigate now. Waiting until year-end leaves you digging through 12 months of historical data right when W-2 deadlines hit.
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First State CPAs & Associates |
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18 S. State St, Dover, DE 19901 |
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| (302) 736-6657 | |
| Business Hours | |
| January 1st January 31st | |
| MondayโFriday: | 8amโ5pm |
| Saturday & Sunday: | closed |
| February 1st April 15th | |
| MondayโThursday: | 8amโ6pm |
| Friday: | 8amโ5pm |
| Saturday: | By appointment |
| Sunday: | closed |
| April 16th December 31st | |
| MondayโThursday: | 8amโ5pm |
| Friday, Saturday & Sunday: | closed |