March 06, 2023
The S Corporation election deadline for existing calendar year end LLCs, Partnerships, and C Corporations is March 15th. If you’re considering changing your company’s tax treatment from its default status to S Corporation status, now…
Read More...January 16, 2023
The Internal Revenue Service announced on December 29, 2022 an increase in the standard mileage rates for 2023. 2023 Mileage Rates The new standard mileage rate for business travel will be 65.5¢ per mile….
Read More...December 27, 2022
1099-K Reporting The American Rescue Plan included a provision requiring third-party settlement organizations (TPSOs) to issue Form 1099-K to all taxpayers for whom they processed at least $600 in payments for the calendar year. A…
Read More...December 22, 2022
As 2022 comes to a close, it is time to get your ducks in a row and get ready to file this year’s tax return. Here are some things to keep in mind to best…
Read More...December 12, 2022
Below are the upcoming tax deadlines that individuals and businesses need to be aware of: Winter 2022-23 Tax Deadlines January 17 – Due date for fourth installment of 2022 individual estimated tax. Consult with…
Read More...December 01, 2022
2022 is about to come to a close, and many may think that also means the end of the Employee Retention Credit (ERC). However, while the credit may have sunset, past years’ returns can be…
Read More...September 09, 2022
Fall IRS Deadlines and Updates September 15 -Third quarter individual estimated tax payments for 2022 are due. -Filing deadline for extended 2021 S-corporation and partnership returns. October 17 -Filing deadline for extended 2021 individual tax…
Read More...September 06, 2022
Starting and running your own business comes with many challenges and tasks to keep up with. With everything to keep track of, some important responsibilities can easily fall to the back burner. A task that…
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