Tax Tips

Mark Your Calendar

Important Tax Deadlines

Jan

Q4 Estimated Tax Payment Due

Fourth quarter estimated tax payment for the prior tax year is due. Applies to self-employed individuals and those with significant non-wage income.

Mar

S-Corp & Partnership Returns Due

Form 1120-S and Form 1065 are due. K-1s must be issued to partners and shareholders by this date. An extension can be filed for six additional months.

Apr

Individual & C-Corp Returns Due

Form 1040 individual income tax returns and Form 1120 C-Corporation returns are due. First quarter estimated tax payments for the current year are also due.

Sep

Extended S-Corp & Partnership Returns Due

Extended Form 1120-S and Form 1065 returns are due. Third quarter estimated tax payments are also due on this date.

Oct

Extended Individual Returns Due

Extended Form 1040 individual returns and extended Form 1120 C-Corporation returns are due. This is the final deadline for most extended returns.

Helpful Advice

Tips to Reduce Your Tax Burden

Keep Organized Records

Maintain organized records of all income and expenses throughout the year. Good recordkeeping makes tax preparation smoother and ensures you don't miss valuable deductions.

Maximize Retirement Contributions

Contributing to tax-advantaged retirement accounts like 401(k)s and IRAs reduces your taxable income now while building your financial future. Review contribution limits each year.

Track Business Expenses

If you're self-employed or own a business, track every deductible expense including mileage, home office costs, supplies, and professional development. These add up significantly.

Make Estimated Payments

If you have income not subject to withholding, make quarterly estimated tax payments to avoid underpayment penalties. We can help you calculate the right amounts.

Review Your Withholding

Life changes like marriage, a new child, or buying a home can affect your tax situation. Review your W-4 withholding periodically to avoid surprises at tax time.

Plan Ahead, Not After

The best time to plan for taxes is before year-end, not after. Contact us during the year to discuss strategies like income timing, charitable giving, and tax-loss harvesting.