2.24.2023 | Issue 99

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 15, 2023

S-Corporation and Partnership tax returns due to IRS

Your Weekly Catch-Up

Retirement Plan Early Withdrawals: Make Sure You Meet the Requirements to Avoid a Penalty

Most retirement plan distributions are subject to income tax and may be subject to an additional penalty if you take an early withdrawal. What’s considered early? In general, it’s when participants take money out of a traditional IRA or other qualified retirement plan before age 59½. Such distributions are generally taxable and may be subject to a 10% penalty tax.


Why You Might Want to File Early and Answers to Other Tax Season Questions

Employers Should be Wary of ERC Claims That Are Too Good to Be True


Firm News

Firm Fun!

In celebration of Mardi Gras, the Social Committee held our annual Fat Tuesday pancake breakfast!

Teach and Share!

“The continual pursuit and use of knowledge for the betterment of our clients, our team, and the community as a whole,” personifies everything we do.

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