The Latest News from Santora CPA Group

3.15.2024 | Issue 147

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, 2024:

Partnership and S-Corporation Tax Returns Due

April 15, 2024

Individual, Fiduciary, Corporation, and Gift Tax Returns Due

Your Weekly Catch-Up

New Option for Unused Funds in a 529 College Savings Plan

With the high cost of college, many parents begin saving with 529 plans when their children are babies. Contributions to these plans aren’t tax deductible, but they grow tax deferred. Earnings used to pay qualified education expenses can be withdrawn tax-free. However, earnings used for other purposes may be subject to income tax plus a 10% penalty.

Taking Your Spouse on a Business Trip? Can You Write off the Cost?

Get Ready for the 2023 Gift Tax Return Deadline

Firm News

SCGU Class of 2024

On March 12th, Heath, Israel, Brandon, Olivia, and Samantha hosted a luncheon for our seven summer interns! It was so great to catch up with them, and we are looking forward to them coming onboard in June as our SCGU Class of 2024!