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Hi Californians,

As you may know, the tax filing deadline this year has been automatically extended to Oct 16th. But don’t let it sneak up on you! There is actually more than one deadline to consider:

    • 2022 tax returns
        • Personal returns

        • Any type of business, such as a Multi-Member LLC, s-corp, or c-corp. Please note that most of these are required, even if the company is dormant or showing a loss. There are penalties for missing filings or late filings of most types of business returns!

    • 2023 quarterly taxes for those that must file quarterly – this includes:
        • Freelancers/contractors/ business owners

        • Those with large bonuses or with equity, such as ISO, RSU, etc.

        • Those that owe each year – if you owed last year for 2021 and expect to owe again, the IRS actually requires that you either adjust your withholdings or file quarterly. There are penalties for missing this!

If you need assistance with any of the above, please contact us this week – we have only a few weeks left until the deadlines and need time to prepare the work. Our rates & availability will be impacted the closer we get to filing day.

For those that are all set for both the 2022 annual as well as 2023 quarterlies, thank you for your attention! For those that do need help, please simply hit β€œSend Message” below and we can get to work for you.

George Dimov CPA

www.dimovtax.com

(833) 829-1120 toll free