Volume 13 Issue 1
With tax season upon us, we wanted to share the following filing deadlines to assist you with your applicable filing requirements. Below is a schedule of income tax returns due in the next few months for various calendar year taxpayers, along with the original filing due date before extensions. Additionally, we have included a date in which we are requesting to have your information submitted to us for timely processing.
Have you seen those ads on television or received email solicitations promoting a large tax credit? The large tax credit they are referring to is the employee retention tax credit (ERTC).

Nick joined Abeles and Hoffman in June 2021 as part of the Audit team. In his role, Nick helps to complete audits, reviews, and compilations. He serves businesses in retail, manufacturing, auto sales, and specialty service industries. Nick loves being part of this team and the growth it offers him in the accounting field.
There’s an old saying that reminds us that there are only two certainties in this life: “death, and taxes.” Whoever coined that phrase couldn’t have known how true it was, particularly when it comes to the latter portion.

Along with the holidays comes a lot of extra work for many family-run businesses, which may require putting the kids to work and having a spouse help out over the busy time. There are special tax rules when hiring your children and also for your spouse, depending on whether he or she is a business partner or an employee.
With the holiday celebrations coming to an end, now is the time to take a look at the changes that will impact your 2023 tax return when you file it in 2024.

There is an important issue related to filing the 2022 S-corporation (Form 1120-S) and partnership (Form 1065) tax returns that requires the cooperation of the shareholders and partners.
As we settle into the new year 2023, a last call to implement ASC 842 is in order. ASC Topic 842 changes the accounting for leases and the way leases are presented in externally reported financial statements. Whether a business is a lessee or a lessor, it might not be too late to plan for the impact. Abeles & Hoffman can help!

Abeles and Hoffman, P.C. 
9666 Olive Blvd, Suite 625
Saint Louis, MO 63132

Phone: 314-991-4770
Fax: 314-991-4254