What’s in the new tax bill?

By |2025-06-30T11:58:46-04:00June 30th, 2025|Individual Income Tax, Uncategorized|

July 1, 2025 - D.C. is in full negotiation mode, and the latest House and Senate versions of the new tax bill include major proposed changes: ✔️ Expanded child tax credits✔️ New car loan interest deductions✔️ Bonus depreciation returns✔️ R&D write-offs restored✔️ SALT cap changes (again)✔️ Repeal of energy tax [...]

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BOI Filing Requirements for U.S. Companies Have Been Removed

By |2025-03-25T15:21:38-04:00March 25th, 2025|Corporate Income Tax|

Big news for small business owners and U.S.-based entities: As of March 21, 2025, the BOI (Beneficial Ownership Information) filing requirement no longer applies to U.S. companies or U.S. persons under the Corporate Transparency Act (CTA). The Treasury Department and FinCEN issued a new rule that officially narrows the BOI [...]

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March Tax Tips & Deadlines

By |2025-05-29T12:01:02-04:00March 1st, 2025|Uncategorized|

Can you believe it’s almost April?! Here are your key tax updates and deadlines—please take a moment to review what's relevant to you: ⏳ S Corporations & Partnerships – Extensions If we filed an extension for your S Corporation or Partnership, your new deadline is September 15, 2025. Most of these extensions are [...]

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BOI Reporting – What Your Business Needs to Know

By |2025-02-21T15:37:46-05:00February 21st, 2025|Corporate Income Tax|

Important Update Regarding BOI Filing: As of February 19, 2025, filing a Beneficial Ownership Information (BOI) report is now mandatory. This change is due to ongoing legal proceedings, and the final court decision remains unclear for small businesses. Current due date for existing businesses: March 21, 2025 By choosing to submit your [...]

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February Tax Tips & Reminders

By |2025-05-29T11:59:03-04:00February 1st, 2025|Individual Income Tax|

With tax season in full swing, here are a few key reminders to help you stay on track. 📅 Tax Document Reminders Many tax forms, including 1099-Bs for investment accounts, won’t be available until late February. Be sure to check with your brokerage firm before sending partial documents. As you receive your tax [...]

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File Your Annual Report for Free!

By |2025-03-25T16:09:48-04:00January 31st, 2025|Corporate Income Tax|

Florida business owners: Do you hate paying for an annual report filing service every year? You still have to pay Florida's fee, but you don't need a third-party filing service! The State of Florida's website, Sunbiz.org, is the only official government website for business renewals. If you own a business [...]

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2024 Income Tax Checklists Available Now!

By |2025-01-23T11:46:04-05:00January 20th, 2025|Corporate Income Tax, Individual Income Tax|

The 2024 tax filing season begins January 27th 2025! Every year, AFSG provides you with detailed checklists to help you stay organized and up to date on the current tax laws. Below are links to our 2024 checklists, worksheets, and virtual appointment options. TAX CHECKLISTS   From your phone, tablet, or [...]

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Tax Payment Instructions for Tax Year 2025

By |2025-02-13T15:10:15-05:00January 15th, 2025|Tax Payments|

To make an Estimated Tax payment today for Tax Year 2025... Jump to Direct Pay Or go to IRS.gov, Select Make a Payment, then Pay Now with Direct Pay, Make a Payment Select the Reason for Payment, Type of Tax, and Tax Year as indicated here -> Verify Identity The [...]

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Fourth Estimated Tax Payment Due Jan. 15, 2025

By |2024-12-27T13:53:22-05:00December 27th, 2024|Individual Income Tax|

Important Reminder: The fourth quarter estimated tax payment deadline is  January 15, 2025. It’s crucial for gig workers, business owners, retirees, or those with investment income to make sure they meet their federal and state tax obligations. Missing payments or underpaying will result in penalties. If you’re unsure about how [...]

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