f0224170-e585-493b-8138-43dd07956e85 image

February 2024

Important Reminders and Dates

Deadline to Submit All Tax Documents to HT2 is Friday, March 22, 2024

All supporting documents for tax preparation must be submitted to our office no later than March 22, 2024, to ensure your tax return is completed by the April 15 deadline. However, in some cases, we may still need to file an extension to ensure accuracy and compliance. If that's the case, your tax preparer will contact you.

Understand the Tax Relief for American

Families and Workers Act of 2024

The Tax Relief for American Families and Workers Act of 2024 was passed by the House and is making its way through Congress. If passed, this will be a significant victory for taxpayers, especially small business owners and professionals. Check out the details of these provisions, as they may affect the upcoming tax season.

Read on to learn more!

The IRS is Combatting Questionable ERC Claims

The IRS has received an influx of questionable Employee Retention Credit (ERC) claims due to aggressive promoters promising large tax refunds by when filing an amended return. To assist business owners who may have been misled and filed a claim and received the funds, the IRS has developed a Voluntary Disclosure program and a Special Withdrawal program.

Read on to learn more!

2024 Tax Adjustments for Business Owners

The IRS announced tax inflation adjustments for 2024, and business owners need to understand these changes and how they impact them. These adjustments can be strategic opportunities with proactive planning. Learn how you can get ahead of these changes with guidance from your trusted advisors at Hamilton Tharp.

Read on to learn more!

Timely Resources & Links

Facebook  Twitter  LinkedIn  Instagram  YouTube