ALL EMPLOYERS: All employers must have distributed 2020 W-2 forms to their employees and Form 1099s to their proper recipients. BUSINESSES: Give annual information statements to recipients of certain payments you made during 2020. You can use the appropriate version of Form 1099 or other information return. Form 1099 can be issued electronically with the consent of … Continued
INDIVIDUALS: If you claimed exemption from income tax withholding last year on the Form W-4, Employee’s Withholding Allowance Certificate, you gave your employer, you must file a new Form W-4 by this date to continue your exemption for another year. For additional information on these deadlines or our tax services, please click here to contact … Continued
Businesses: Give annual information statements to recipients of certain payments you made during 2020. You can use the appropriate version of Form 1099 or other information return. Form 1099 can be issued electronically with the consent of the recipient. This due date applies only to the following types of payments. All payments reported on Form … Continued
BLS IS SPONSORING THE CHESTER COUNTY ESTATE PLANNING COUNCIL EVENT!!! Topic: Economic Outlook with Chester County Estate Planning Council (CCEPC) Date: Thursday, February 18, 2021 Time: 5:00pm - 6:30pm Location: ZOOM Speaker: Ryotaro Tashiro, Federal Reserve Bank of Philadelphia FIND OUT MORE HERE: https://www.chescoepc.org/events/event/19835
BLS is a Copper Sponsor for Chester County Community Foundation's Investment Forum 2021! Join the Chester County Community Foundation on Zoom Tuesday, February 23, 2021 from 12-12:45pm for a briefing on our investment process, strategy, and performance. Schedule of Events February 23, 2021 12:00 - 12:45pm Find out more here: https://chescocf.org/events/invest/
University of Delaware Summer Externship Networking Night BLS will be there to talk about our Summer Externship Program. Attend this networking event to meet employers and alumni seeking undergraduate students with an expected graduation date between December 2022-May 2024 for their summer externship/leadership programs! Students will have the opportunity to virtually network and interact with the … Continued
Businesses: File information returns (for example, certain Forms 1099) for certain payments you made during 2020. These payments are described under February 1, earlier. However, Form 1099-NEC reporting nonemployee compensation must be filed by February 1. There are different forms for different types of payments. Use a separate Form 1096 to summarize and transmit the forms … Continued
BLS IS SPONSORING THE ESTATE PLANNING COUNCIL OF DELAWARE'S MARCH EVENT Topic: Post-Election Estate Planning Date: Wednesday, March 3, 2021 Time: 6:00pm - 7:00pm Location: ZOOM Speaker: Jonathan Blattmachr, Peak Trust Company FIND OUT MORE HERE: https://www.epcdelaware.org/events/event/20143
S-CORPORATIONS: File a 2020 calendar year income tax return (Form 1120S) and pay any tax, interest, and penalties due. Provide each shareholder with a copy of their final or amended Schedule K-1 (Form 1120S) or substitute Schedule K-1 (Form 1120S). S-CORPORATION ELECTIONS: File Form 2553 to elect to be treated as an S corporation beginning with calendar year 2021. … Continued
BENEFIT PLAN DEADLINE (12/31 year end): Corrective distribution for failed ADP/ACP without 10% excise tax is due (non EACAs only). Eligible Automatic Contribution Arrangements (EACAs) have until June 30, 2021 to make corrective contributions without a 10% excise tax. For additional information on these deadlines or our employee benefit plan audit services, please click here to contact us.