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Here are some of the key tax-related deadlines impacting businesses and other employers during the third quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you.

As CPAs, we are often asked about federal tax withholding — “How do I know if I am withholding the correct amount?” or “If I change my withholding amount, will I owe less at tax time?” By understanding how federal tax withholding works, you can avoid a surprise during tax season.

If you operate a business, or you’re starting a new one, you’ll need to keep records of your income and expenses. Specifically, you should carefully record your expenses to claim all the tax deductions to which you’re entitled. You’ll also want to make sure that you can defend the amounts reported on your tax returns in case you’re ever audited by the IRS.