Here we are in the third week of February and many corporate tax returns are due in five weeks; personal returns in nine weeks. How time flies in this new year! If you haven’t started working with an accountant, you may not be able to get these in on time and may need to file for an extension.
This year April 15th falls on a Sunday so you have until the 17th to file your personal returns. Corporate returns are due March 15th. Hopefully you are well on the way to organizing your paperwork for your accountant or CPA and have set a meeting to deliver it to him or her. Congratulations to the early birds, who have already filed and have taxes behind them.
If you are not going to be able to meet these deadlines you will need to have your preparer file for an extension before the due dates. This will give you and your accountant time to get your returns ready, but you will pay a late penalty based on a calculation of when your return is received.
If you have been procrastinating on your taxes, this is a good time to start acting. The time is growing short and you will need to contact someone to help you sooner rather than later.
Les Merritt has been helping families and businesses prepare their returns for over 30 years and will work to save you money by taking all allowable deductions.
Every year there are changes to the tax code and a number of them were enacted in 2017. As we know, there are significant changes that will take place this year and impact your 2018 returns. Getting ready for 2018 and those changes will take preparation and Les can help you plot the best course through those fluctuations. Pre-planning for the future can save stress and money.
Contact Les Merritt at (919) 269-8553 to schedule an appointment and make sure you are ready with your returns for 2017 and know what actions to take to take advantage of changes in 2018.