Personal Tax Organizers have been sent out. Contact our office if you have not received yours and would like one.
Please note: If documents for personal tax returns are not submitted for the 2023 tax season by March 15, there is a good chance that an extension will need to be filed on your behalf.
- Filing an extension simply moves the filing deadline from April 18 to October 15.
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If you anticipate receiving a refund on your return, no action is required on your part at the time the extension is filed.
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If you typically end up owing on your return, your accountant will advise that you submit an estimated payment at the time the extension is filed to avoid any penalties.
- Allied CPAs, PC does not charge an additional fee for filing an extension.
Xpitax® Tax Outsourcing: As in the past, Allied CPAs, PC will be utilizing a program that will allow a select group of tax returns to be prepared by a team of remote employees. In order for your return to be selected, you must sign the Consent to Foreign Disclosure form which was sent out with your tax organizer. It is not required that you sign this form. If you do not sign it, your return will continue to be processed at our local offices. The decision to utilize this service was made so that our clients' returns can be prepared in the most efficient manner during the current national labor shortage. If you have any questions or concerns, please contact your accountant directly.
Payroll Quarterlies January Payroll Quarterlies will be posted to your Employer On The Go portal by February 5, 2024
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Is the content of this email relevant to you?
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Budget Check Up: Tax Time Is the Right Time
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Every year, about 140 million households file their federal tax returns. For many, the process involves digging through shoe boxes or manila folders full of receipts; gathering mortgage, retirement, and investment account statements; and relying on computer software to take advantage of every tax break the code permits.1
It seems a shame not to make the most of all that effort.
Tax preparation may be the only time of year many households gather all their financial information in one place. That makes it a perfect time to take a critical look at how much money is coming in and where it’s all going. In other words, this is a great time to give the household budget a checkup.
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Webinar: February 22, 2024
Creating Retirement Income During Uncertain Times
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Allied Financial Services, Inc. would like to invite you to participate in our monthly conversation, Creating Retirement Income During Uncertain Times.
Everyone is welcome to join these online discussions which will take place at the end of each month. Our next meeting will be Thursday, February 22 at 4:00 PM.
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If you would like to discuss your personal retirement income distributions or situation but are unable to attend, please contact our office to set up an appointment.
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- 03-15-24 - Annual NYS LLC Filing Fee
- 03-15-24 - Partnerships & S-Corporations
- 03-15-24 - NYS Pass-through Entity Tax Election
- 04-15-24 - Individual & C-Corporations
- 04-15-24 - FBAR reports due
- 04-15-24 - First quarter estimated payments
- 05-15-24 - Exempt Organizations
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This month’s Your Money Matters newsletter contains helpful information about managing your taxable income, a brief primer about life insurance, protecting your assets with an umbrella policy, and the importance of inventorying your possessions. If you have questions, don't hesitate to reach out to us for answers.
Have you explored all your options when it comes to managing your taxable income?
Term insurance is the simplest form of life insurance. Here's how it works.
Umbrella liability can be a fairly inexpensive way to help shelter current assets and future income from the unexpected.
Creating an inventory of your possessions can save you time, money and aggravation in the event you someday suffer losses.
Your Money Matters is a monthly blog post that pulls together financial articles and videos of interest. We hope you enjoy!
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Online Credit Card Payments Payments to Allied CPAs, PC and Allied Payroll Services can be made online at www.alliedfp.com. Look for the Make A Payment button on the top right corner of our website. AFP accepts Mastercard, VISA and Discover. Please note: Electronic payments cannot be accepted for financial planning or investment services.
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Payroll Clients: In light of growing fraudulent direct deposit claims, please verbally confirm with your employee if you receive an email notification of a bank account change before you send the change to your payroll specialist.
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Buffalo | (716) 694-0336
Cooperstown | (607) 282-4161
Oneonta | (607) 432-3462
Perry | (585) 237-3887
Rochester | (585) 410-6733
Victor | (585) 410-6733
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Allied Payroll Services is bonded.
Securities offered through Registered Representatives of Securities America, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc., a Registered Investment Adviser. Tax services provided by Allied CPAs, PC. Allied Financial Partners and Allied CPAs, PC are not affiliated with Securities America.
To be eligible for the Rochester Chamber Top 100, businesses must be privately held, headquartered in the nine-county Rochester region, and have earned at least $1 million in revenue in each of the three most recent fiscal years. The Rochester Chamber Top 100 is computed based on revenue growth, taking into account both dollar and percentage growth.
Top Workplaces Award is given based on employee survey results.
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