Why Timely Estimated Tax Payments Matter – Avoiding Costly IRS Penalties
As a CPA firm, one of the most common misconceptions we encounter from clients is the idea that as long as their total estimated tax payments are made by the end of the year—or lumped into the fourth quarter—they’re in the clear with the IRS. Unfortunately, that’s not the case. The IRS Wants Payments When […]
2024 Q4 Tax Calendar: Important Deadlines for Businesses and Employers
As the fourth quarter of 2024 approaches, here are some key tax deadlines that may impact businesses and employers. This list is not exhaustive, so additional deadlines might apply to your situation. Reach out to us to ensure you meet all applicable deadlines and to discuss your specific filing requirements. Note: Tax-filing and payment deadlines […]
It’s Time to Start Thinking About Year-End Tax Planning for Your Small Business
With Labor Day behind us, now is the perfect time to take proactive steps to reduce your small business’s taxes for both this year and next. A common strategy involves deferring income and accelerating deductions to minimize taxes, while bunching deductible expenses into one year or the next can also maximize their tax impact. However, […]
