7.13.2023 | Issue 117

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

9.15.2023: Corporation (6/30), S Corporation and Partnership Tax Returns Extended Due Date (12/31)

10.2.2023: Fiduciary Tax Returns Extended Due Date (12/31)

Your Weekly Catch-Up

The Trust Fund Recovery Penalty: Who Can It Be Personally Assessed Against?

If you own or manage a business with employees, there’s a harsh tax penalty that you could be at risk for paying personally. The Trust Fund Recovery Penalty applies to Social Security and income taxes that are withheld by a business from its employees’ wages.


Prepare NOW for the 1099 Filing Deadline!

Are You Married and Not Earning Compensation? You May Be Able to Put Money in an IRA


Firm News

Phillie Phanatics!

On Thursday, June 22nd, Israel Mercado took his niece, Adriana, his sister, Jessica, and her boyfriend, Josh, to the Phillies game against the Atlanta Braves. While there was rain in the forecast, the weather held out for the game; it was another unfortunate loss for the Phillies with a final score of 5-1.

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