If you can’t tell from the early morning and late night office hours occupied by your favorite CPA, tax season is here and in full swing. Although financial
accountability is a full year job, tax season is undoubtedly our busiest time of the year.
As a trusted advisor, we take great care to stay on top of the changes in tax, business, and related law and policy. No matter the change, we make sure
that our clients are in compliance and taking advantage of any deductions or credits available to them. As this year will most likely be a year full
of tax and policy changes, you can look for more information about these changes on our website.
Looking ahead this tax season, there are a number of important deadlines that have changed this year:
- March 15, 2017: Partnership tax returns are due, a shift from the previous deadline of April 15th.
- April 18, 2017*: Federal tax returns for calendar-year regular corporations are due (a 2015 law pushed back the filing deadline from March 15, starting
with 2016 returns to be filed in 2017). Normally, federal tax returns are due on April 15, but due to the weekend and observance of the Emancipation
Day holiday in D.C., that deadline is delayed.
*Please note: Typically, state tax deadlines mimic federal dates, but there are a few states that mandate an earlier filing date. If you have questions about your state’s filing deadlines, feel free to reach out to us!
Thankfully, with tax season in full swing, there shouldn’t be any further substantial changes to take note until after federal deadlines have passed.