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 [...]
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 [...]
The Internal Revenue Service announced today the annual inflation adjustments for tax year 2025 including more than 60 tax provisions that will impact taxpayers when they file their returns in 2026. Notable changes for tax year 2025 The tax year 2025 adjustments described below generally apply to income tax returns [...]
In light of the recent federally declared disasters, we want to extend our thoughts to those affected. The IRS has extended certain tax deadlines for individuals and businesses in impacted areas. If you’ve been affected, you may have more time to file your tax returns or make payments. Please check [...]
Important Reminder: The third quarter estimated tax payment deadline is September 16, 2024. 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 [...]
The Internal Revenue Service (IRS) has recently addressed some common misconceptions surrounding Form 1099-K, aiming to clear up confusion and assist taxpayers in understanding their obligations. With changes and myths circulating, it’s crucial to know the facts about receiving and reporting via Form 1099-K. In November 2023, the IRS [...]
In a decisive move to clamp down on tax evasion, the IRS has announced a new series of audits targeting the use of corporate jets by high-income individuals, large corporations, and partnerships. This initiative, backed by the Inflation Reduction Act, aims to dissect the allocation of aircraft usage between business [...]
