Helpful Articles - Paresky Flitt & Company, LLP

SBA provides new Sch C PPP loan calculation

Mar 4, 2021 | Helpful Articles, Latest Tax Developments

To Our Valued Clients and Associates, As we mentioned earlier this week, the SBA was going to be issuing guidance on the revised PPP loan calculation for Schedule C filers. Today, that guidance has been issued via an Interim Final Rule (IFR) and an updated PPP loan...

Biden Administration updates to PPP program

Mar 1, 2021 | Helpful Articles, Latest Tax Developments

To Our Valued Clients and Associates, Recently, the Biden administration announced its first changes to the PPP program, including a big change for Schedule C filers. First, effective Wednesday February 24th and continuing for two weeks, the SBA has been directed to...

COVID-19 Relief Bill Update

Dec 22, 2020 | Helpful Articles, Latest Tax Developments

To our Valued Clients and Associates, At long last, the House and Senate have agreed to a second significant stimulus package. We will highlight some of the more salient points from the over 5,500-page bill. As is with most government bills, there is a lot...

IRS Clarifies Non-Deductibility of Expenses paid with Forgiven PPP Funds

Nov 20, 2020 | Helpful Articles, Latest Tax Developments

To our Valued Clients and Associates, Late Wednesday night, November 18th, the IRS released Revenue Ruling (Rev. Rul.) 2020-27 and Revenue Procedure (Rev. Proc.) 2020-51 to clarify the rules for deducting expenses paid with PPP funds. While we have been looking for...

Massachusetts Grants for Small Businesses

Oct 28, 2020 | Helpful Articles

To our Valued Clients and Associates, On Thursday October 22, the Commonwealth of Massachusetts announced a new grant program for small businesses. The two-tiered program offers grants of up to $25,000 for businesses with five or less employees, while companies with...

Paycheck Protection Loan Update from US Treasury

Apr 1, 2020 | Helpful Articles, Latest Tax Developments

To our Valued Clients and Associates, The U.S. Treasury has released a Fact Sheet and the application form for the Paycheck Protection Program. The Fact Sheet contains some important changes and updates to the program. Here are some highlights of the Fact Sheet they...

« Older Entries

Dear Valued Client,

As we prepare for the start of tax season we wanted to remind you of important dates and items that relate to the 2023 tax season.

2022 4th Quarter Estimates
As a reminder the 2022 4th quarter individual tax estimates are due Monday January 16th.

2022 1099 filings
We want to remind you that Paresky Flitt & Company, LLP does not prepare 1099s. 1099s should be prepared in house, by your payroll provider or your bookkeeping service.

2023 Tax Filing Season

S-Corporation and Partnership Tax Return Filing Deadline
The 2022 S-Corporation and Partnership tax return filing due date is currently Wednesday March 15, 2023. We will attempt to complete your tax return by this filing deadline, however, if we receive your information after February 8, 2023, we may have to file an extension due to insufficient time available to prepare a complete and accurate tax return. If an extension of time is required, any tax due with this tax return must be paid with that extension.

Individual, C-Corporation and Trust Tax Return Filing Deadline
The 2022 Individual, C-Corporate and Trust tax return filing due date is currently Tuesday April 18, 2023. We will attempt to complete your tax return by this filing deadline, however, if we receive your information after March 7, 2023, we may have to file an extension due to insufficient time available to prepare a complete and accurate tax return. If an extension of time is required, any tax due with this tax return must be paid with that extension.

We would like to thank you for your business. We are so very appreciative that you have selected us as your CPA firm. We look forward to speaking with you soon!

Your friends at Paresky Flitt & Company, LLP