If you are currently taking advantage of the passthrough entity election, please be sure to make your estimated tax payments. For California clients especially, you have to make the required estimated payment by 6/15/2024 in order to make the PTE election at all. Missing this deadline could be costly, please do not hesitate to reach out with any questions or to confirm the amounts.
One additional note: we will be sending out another message soon regarding the new Corporate Transparency Act (which is a required business registration for all legally organized business entities). Stay tuned.