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 a formality, allowing the corporate return to be filed simultaneously with the business owner’s personal tax return.
✅ No action is needed unless we’ve requested additional documents from you.
🗂️ Individual Returns – April 1 Deadline for Docs
To ensure timely filing, please send in all required tax documents by April 1.
📌 If we don’t receive your documentsand don’t hear from you by April 1, we will automatically file an extension on your behalf.
(Extensions give you until October 15, but any taxes owed are still due by April 15 to avoid penalties and interest.)
🔍 BOI Reporting Update
Good news! The Beneficial Ownership Information (BOI) filing requirement no longer applies to U.S. entities at this time.
✅ Only foreign-owned entities are currently required to file. We’ll notify you if this changes.
📅 April 1 – RMD Deadline (If You Turned 73 in 2024)
If you turned 73 last year, your first Required Minimum Distribution (RMD) must be taken by April 1, 2025.
Not sure if this applies? Reach out—we’re happy to help clarify.
Lauryn Charles owns and manages Accountable Financial Services Group, Inc., founded in 2007. Lauryn has many years of experience working with small business owners in the field of accounting, banking, and financial services. An accounting graduate with an MBA in International Business from Florida Atlantic University, Ms. Charles is an expert tax preparer and accountant. She is an Enrolled Agent admitted to practice before the Internal Revenue Service.
Ms. Charles supports her local community by engaging chambers of commerce, sitting on boards of directors for non-profit organizations, and providing tax and financial education to those in need.