3.7.2025 | Issue 188

Santora CPA Group's Weekly Newsletter!

 

You'll find links to the Alerts and Useful Info we've posted on our website, which includes time-sensitive information and any other issues that might impact you or your business, as well as any news from around our office.

Important Upcoming Dates


March 17, 2025:

  • Partnership and S-Corporation Tax Returns Due

FinCEN Extends BOI Reporting Deadline Once Again

The Financial Crimes Enforcement Network (FinCEN) will extend the current March 21, 2025 Beneficial Ownership Information (BOI) reporting deadline, has suspended BOI enforcement, and will develop new regulations it says will reduce "regulatory burden," the agency said last Thursday.

 

FinCEN didn't announce a new reporting deadline but said it would do so by March 21, 2025.

 

We are continuing to monitor this situation. If you have any questions, please reach out to one of our professionals.

 

Your Weekly Catch-Up

 
 

Taming the Tax Tangle if You’re Retiring Soon


Retirement is often viewed as an opportunity to travel, spend time with family, or simply enjoy the fruits of a long career. Yet the transition may bring a tangle of tax considerations. Planning carefully can help you minimize tax bills. Below are four steps to take if you’re approaching retirement, along with the tax implications.

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Financial Relief for Families: The Benefits of the Child Tax Credit

New Delaware Short-Term Rental Lodging Tax

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Firm News

 
 

An Evening of Mardi Gras at Delaware Tech!


On Saturday, March 1st, members of our Director Group, along with their spouses, attended the annual Mardi Gras gala at Delaware Technical Community College’s Wilmington Campus. Santora CPA Group was a silver sponsor of the event. Proceeds from this event go directly to Delaware Tech’s Educational Foundation.


This year marked the 21st anniversary of this “party with a purpose,” and it was a night to remember! Guests enjoyed exceptional music, entertainment, delicious cuisine, a silent auction, raffles, and games.



Over the past 20 years, this event has raised more than $2 million to support student success by helping with tuition, books, and other essentials.


We can’t wait for next year’s gala!

 

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302.737.6200