As we turn the corner on a new year, it is important to be aware of important tax deadlines and dates for filing your 2020 tax returns, so that you can be prepared and avoid headaches and penalties. In 2020, the IRS extended tax deadlines in response to COVID-19. Generally, deadlines for annual returns are in the spring with extensions available until the fall. Although dates are always subject to change, no such provisions have been enacted to date for this year.
The expertise and guidance that a CPA offers can help businesses limit both present and future tax liabilities, which has a direct effect on its bottom line. At Brock CPA, we have helped businesses in Jacksonville, Florida, and other parts of the state accomplish this exact goal.
In this crazy time we are thinking of you all and wish good health for you, your families and colleagues. Our firm is taking the recommendations of health officials seriously and we are working remotely.
Stockholders, private investors and creditors all want financial assurances, which are provided via statements. Depending on what your business’ investors and creditors are asking for, we at Brock CPA offer a couple of document preparation services that can appease outside parties.
The transition from one year to the next always brings a flurry of financial activity for both individuals and businesses. While the exact items that individuals and businesses must take care of are different, the steps on how they should navigate this time of transition is largely the same. No matter what your position is, here’s how to prepare financially for the beginning of next year.
As the end of the calendar year approaches, there are several steps individuals should take to take full advantage of their benefits and minimize their tax liability. If any of these situations apply to you, make sure you take whatever action is necessary before the days in 2019 run out.