Agate CPA September Newsletter: Social Security Breach, ERC Disclosure, Year-End Tax Ideas
October 6, 2024Agate CPA November Newsletter: 1099’s, 401k Automatic Enrollment, Preparing For 2025, & More!
November 25, 2024
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IRS Announces Disaster Tax Relief for Victims of Hurricane Helene & Milton
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Daily Tracking: We monitor your accounting every weekday, addressing discrepancies as they happen, ensuring your financials are always current and reliable.
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Comprehensive Reporting: Receive clear, actionable monthly financial reports to help you understand your performance and plan for future growth.
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Error Prevention: Messy books can lead to costly mistakes and missed opportunities for tax savings. We’ll ensure your records are always in great shape.
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Tax Ideas Before Year End |
Pass-Through Entity (PTE) Elections for Partnerships & S Corps – As the year comes to a close, now is an ideal time to ensure pass-through entity elections and payments are in place to maximize tax benefits related to state income taxes.
Donate Long-Term Appreciated Stock Instead of Cash – When you donate long-term appreciated stock, you avoid capital gains tax on the appreciation. If you were to sell the stock first and then donate the cash, you’d owe capital gains tax on the gain, which could be as high as 20% for long-term holdings, plus any applicable state taxes.
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October 15th, 2024 – Deadline for extended calendar year C Corporation & Personal tax returns
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November 15th, 2024 – Deadline for extended calendar year non-profit tax returns.
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December 15th, 2024 – 2024 4th quarter estimated taxes due for C Corporations.
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January 15th, 2025 – 2024 4th quarter estimated taxes due for Individuals, Trusts, and calendar-year Estates.
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