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Tax Preparation
Need help gathering your tax documents? Please see our comprehensive tax preparation checklist to help make this process a little less taxing. Our checklist works as a guide, highlighting any information needed when preparing your taxes. We want to ensure you have the most accurate data when filing your taxes electronically. See the checklist to the right of this paragraph
Tax Deadlines
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The tax filing deadline is April 15, 2025 for 2024 tax season!
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The Internal Revenue Service announced today tax relief for individuals and businesses in the entire state of Georgia that were affected by Hurricane Helene that began on Sept. 24, 2024. These taxpayers now have until May 1, 2025, to file various federal individual and business tax returns and make tax payments.
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Need more time? You can request a 6-month extension time to file.
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Please be aware that:
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An extension of time to file is not an extension of time to pay.​
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You should pay any owed taxes by your original due dates to avoid possible penalties.
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Properly Claiming the ERC
There are very specific eligibility requirements for claiming the ERC. Employers can claim the ERC on an original or amended employment tax return for qualified wages paid between March 13, 2020, and Dec. 31, 2021. However, to be eligible, employers must have:
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Sustained a full or partial suspension of operations due to orders from an appropriate governmental authority limiting commerce, travel or group meetings because of COVID-19 during 2020 or the first three quarters of 2021,
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Experienced a significant decline in gross receipts during 2020 or a decline in gross receipts during the first three quarters of 2021, or
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Qualified as a recovery startup business for the third or fourth quarters of 2021.
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The IRS reminds anyone who improperly claims the ERC that they must pay it back, possibly with penalties and interest. A business or tax-exempt group could find itself in a much worse cash position if it has to pay back the credit than if the credit was never claimed in the first place. This underscores the importance of taxpayers taking precautionary steps and avoiding being pushed by a promoter, including instances where a promoter can collect contingency fees as much as 25%.
