Tax Planning and Preparation - Paresky Flitt & Company, LLP

Land Mines: Tax Cuts & Jobs Act Bill

Nov 8, 2017 | Helpful Articles, Tax Planning and Preparation

The Tax Cuts and Jobs Act introduced by the house on November 2nd have been receiving a great deal of coverage because of the extensive changes proposed. Gone would be many of the provisions individuals rely on (credits, personal exemptions, deduction of state taxes,...

Check Withholding Now to Avoid Surprises at Tax Time

Aug 7, 2017 | Tax Planning and Preparation

The federal income tax is a pay-as-you-go system. Employers generally withhold tax from workers’ wages. Taxpayers also often have taxes withheld from certain other income including pensions, bonuses, commissions and gambling winnings. People who do not pay tax through...

Composite Tax Returns

Feb 2, 2017 | Tax Planning and Preparation

When it comes to filing tax returns, doing business in multiple states can cause headaches for a pass-through business and its owners. Not only does the business have to file taxes in the states it does business in, but each owner needs to file individually in those...

Saving on Taxes with Child Labor

Jan 7, 2017 | Helpful Articles, Tax Planning and Preparation

One tax strategy many people overlook is their children. The obvious areas are child tax credits and personal exemptions, but these are low hanging fruit. For a business owner, there is another, more lucrative tier. In short, put your kids to work. This is not a...

Important Reminders for 2016 Payroll Reporting

Dec 13, 2016 | Tax Planning and Preparation

As 2016 draws to a close, there are some important items to keep in mind when putting together information for 2016 W-2’s. Company provided vehicle: If your company provides you, or any employee, with a company vehicle that is also used personally, you should include...

83(b), Doubling Down on Stock Benefits

Dec 3, 2016 | Helpful Articles, Tax Planning and Preparation

Anyone who has stock options, grants or appreciation rights knows that cashing in can have big tax implications in that year. An 83(b) election is a tool for reducing the overall tax by strategically taxing them when granted, instead of when exercised or vested. While...

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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