In This Issue
Your Company Picnic: Employee Gatherings May Be Tax Deductible
Tax Bill vs Refund: Are You Withholding the Right Amount? (see below)
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Reminders
Reminder   

July 31
* Deposit FUTA owed through June if more than $500.

* File Form 941 for the second quarter.

> Other important dates
July 2017
We have consolidated operations into our Santa Fe location. Come visit us on St. Francis Drive. As a reminder, we're here for you year-round, so don't wait until tax season to get your tax questions answered!
Businesses
Employee picnic

Your Company Picnic: Employee Gatherings May Be Tax Deductible

If you throw a holiday party or summer outing for your employees, the associated expenses are deductible and not subject to the 50% limit. There are some exceptions, however. > Read on
Individuals
Tax bill or refund

Tax Bill vs Refund: Are You Withholding the Right Amount?

For returns filed in 2016, the average federal tax refund was $2,860. Sounds great, right? But instead of giving the government an interest-free loan, you could have been using that money throughout the year. Don't wait -- examine the amount of federal and state withholding that's being deducted from your paycheck. We can help you determine whether the amount withheld is too low, resulting in tax due (with possible penalties), or too high, resulting in a larger-than-necessary tax refund. 
If you need help fine-tuning your withholding to ensure that you get the best result, c all our office at 505-984-0646 to schedule an appointment.