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 [...]
JUNE ACCOUNTING & TAX TIPS Check your YTD income Review your W-2 tax withholding Know your tax bracket Track busienss deductions now Estimated taxes are due June 15th Calculate remaining retirement contributions Track home office or business vehicle use
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
