March 6, 2014
Beware the Ides of March (and that upcoming tax deadline)
When the ancient Romans referred to the Ides of March, they meant nothing more than the 15th of the month. Still, this date continues to strike fear in many hearts – and not just because we remember what happened to Julius Caesar.
March 15 is usually last call for corporate tax returns, affecting C and S corporations whose accounting year ends December 31. This year, as luck would have it, these companies get a “bye” since that date falls on a Saturday, making the official deadline Monday, March 17.
If you’re among those who must file by the 17th and you’ve already shared your docs with us, we salute you. If not, please take a moment to let us know if you’ll be filing on time or will need an extension, good through September 15 (Federal) and October 15 (Illinois).
And a friendly reminder to all our business clients who operate partnerships: April 15 is your big day.
Despite your best efforts, you may be stuck on a particular issue. Please don’t struggle with it alone. Just give us a call at 708-352-7377 or reach out via email. We are happy to help.
Even more fun, if you’re an accounting geek: This scene from The Big Bang Theory, where Sheldon reveals who the REAL celebrities are at award shows.
Our most precious commodity is time—and our attention is a close second. That’s why everyone can use some help on how to tune out daily distractions. We compiled the following helpful tips from copyblogger.com to get you started on dialing down distractions:
The April 15 filing deadline is rapidly approaching, so we encourage you to send us your tax documentation as soon as possible to expedite the filing process. Here are four important reasons why you should file your return sooner rather than later:
This tax season is an important one for many business owners because it’s the first that will be impacted by the Tax Cuts and Jobs Act (TCJA). How big of an impact is dependent on your unique situation. We’ve compiled this short list of provisions that may affect the business community: