Be Sure to File S Corporation & Partnership Returns and Pay Third Quarter Estimates by September 15th
2021 S Corporation & Partnership Tax Returns Calendar year Partnership (Form 1065) and S Corporation (Form 1120S) Federal tax returns with valid extensions are due Thursday, September 15th. Federal late filing penalties for 2021 Partnership and S Corporation returns are $210 for each month or part of a month (maximum 12 months) per owner that […]
2021 Best of the Best Award Accountant Winner
Ackerman CPAs is honored to announce that we have been named The Courier Journal’s 2021 “Best of the Best” winner in the Accountant category. Since the firm’s inception in 2016, we have been committed to providing the best possible service. We greatly appreciate the support of all of our clients!
Second Quarter Tax Estimates and Business Report Deadlines
2021 Second Quarter Tax Estimates As a reminder, second quarter tax estimates are due Tuesday, June 15th. Quarterly estimates are due even if your tax return is on extension. To ensure your payments are received timely, we recommend paying electronically. Links to pay online are below: Federal Kentucky Indiana Kentucky and Indiana Business Entity Reports If […]
Paycheck Protection Program and Employee Retention Credit Update
We want to keep everybody updated on the latest developments with the Paycheck Protection Program and Employee Retention Credit. We encourage every business to review the guidelines to determine if they qualify for either program. Paycheck Protection Program Deductibility of PPP Expenses for State Income Taxes As previously communicated, expenses paid with forgiven PPP loans are […]
2020 Year-End Tax Planning Strategies for Small Businesses
As we wrap up 2020, year-end tax planning has never been more crucial. This year brought challenges and disruptions that significantly impacted your personal and financial situations – COVID-19, economic relief measures, new tax laws and political shifts. Now is the time to take a closer look at your current tax strategies to make sure […]
2020 Year-End Tax Planning Strategies for Individuals
As we wrap up 2020, year-end tax planning has never been more crucial. This year brought challenges and disruptions that significantly impacted your personal and financial situations – COVID-19, economic relief measures, new tax laws and political shifts. Now is the time to take a closer look at your current tax strategies to make sure […]