News

News

Deadlines

Tax Returns
Corporate Tax Form 1120S – 3/15/2024
Partnership Tax Form 1065 – 3/15/2024
*Provide K-1 to each shareholder – 3/15/2024
*Form 2553 due to elect S-Corporation status for Tax Year 2024 – 3/15/2024
Tangible Personal Property Return to Lee County – 4/1/2024

Identity Theft

Identity Protection PIN
The IRS Identity Protection PIN (IP PIN) Program has been expanded to all taxpayers who can properly verify their identity. This is a six-digit number assigned to eligible taxpayers to help prevent their Social Security number from being used to file fraudulent federal income tax returns.

Recent Scams

Whether you are online for work, school, shopping or browsing, online security is more important than ever during this time.  Everyone needs to be mindful of risks they may encounter when they share devices, shop online and/or interact on social media. Always make sure you recognize the sender before opening the email.

Business Tax Tips

Tax Law for Business Filers 
NEW FOR 2024: Beneficial Owner Information Report (Mandatory Filing) For existing businesses, the Corporate Transparency Act (CTA) goes into effect on January 1, 2024, and imposes a brand-new federal filing requirement on most corporations, limited liability companies, and limited partnerships

Tax Tips 2023

Updates for Tax Year 2023
The IRS has confirmed that it will begin accepting and processing Tax Year 2023 returns on January 29, 2024. For Tax Year 2023, the tax rates remain at 10%, 12%, 22%, 24%, 32%, 35% and 37%. In 2023, the Standard Deduction increases to $27,700 for Married Filing Jointly; $13,850

The Tax Professional Group offers a comprehensive suite of services tailored to your needs.

Whether you’re an individual, a business owner, or an independent professional, we have the knowledge and experience to handle your income tax preparation, bookkeeping, payroll reporting, sales tax filing, and tax planning.

 

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