Brian Pry CPA

Tax advisory and accounting for SMBs

Financial & Tax Updates

IMPORTANT UPDATE – PLEASE READ!

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Dear Client,

In our continuing efforts to offer more and more value and leading-edge technology to our clients, we have an exciting announcement to make.
Over the past weeks, we’ve been migrating to a new portal platform for our clients to enhance the client experience.
Be sure and check out this guide for more details. And keep an eye on your email, because in the next couple of days, you’ll receive an email with login credentials to your new portal. Just like our old portal, you’ll be able to log into it by going to our website home page anytime and clicking on client login.
In addition to a new portal system, we’ve migrated our electronic invoicing to go through Stripe.
What does this mean for you?

For the next invoice you receive from us, you will need to click on the invoice and add your payment information. This is required to comply with the PCI Data Security Standard. You will only need to do this once, and then invoicing will happen as it normally does for you.
Please let us know if you have any questions. Stay tuned for some very exciting new additions to the portal as we move into the new year, including 2025 tax season organizers!
Warmly,

Brian Pry, CPA

Year-End Planning

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It’s that time of year again! Please grab time on Brian’s calendar or reach out via email with preferred days and times and our office can confirm.

Ahead of meeting, please be sure to have updated records for estimated tax planning. Let us know if you have any questions!

Filed Under: Tax

Final Countdown: Tax Deadlines and Year-End Planning

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Just a reminder for individuals, trusts, and C-Corporations on extension for tax year 2024 – filing deadline is 10/15. If we have not coordinated with you already, please reach out right away.

Year-End Planning (yes, it’s already that time of year): Please grab time on Brian’s calendar (October through December). Note that full availability will not be reflected, reach out with requests for preferred days/times to coordinate if necessary.

Some helpful tips prior to meeting:

  1. have your financials in order
  2. prepare a list of questions or updates
  3. if helpful, send these details in advance

Thank you! And as always, reach out with any questions!

Filed Under: Tax

2024 Deadline Reminder

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S-Corporations and Partnership returns (on extension) are due 9/15/2025. If you have not already coordinated with our office to provide necessary details, please do so no later than 8/15/2025.

Individual returns, C-Corporations, Trusts (on extension) are due 10/15/2025. Please coordinate with our office or upload documents and your organizer as soon as possible. 9/15 is the requested due date to allow time for processing.

Please let us know if you have ANY questions. We are also working through the new tax legislation (Big Beautiful Bill) and will have more details to provide soon. A quick summary is that most TCJA rules were extended or made permanent (good), R&D expensing has been restored (also good), and bonus depreciation is back (great) while some energy related credits are going away (30% federal Solar Tax Credit for example is now ending after 12/31/2025). More to come shortly, stay tuned.

Filed Under: Tax

California Business Owners – Please Read

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As we wait for legislative updates, this is a reminder for CA business owners who typically make the passthrough entity election (paying your individual taxes on profits at the business level). CA requires that you make an estimated tax payment NO LATER than 6/15 if you want to be able to make the election at all this year. The amount must be at a minimum equal to 50% of your prior year PTET liability. Your 2024 corporate/entity returns will have a voucher with the correct amount, but please reach out with any questions!

Q2 ESTIMATED TAX PAYMENTS REMINDER

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JUNE 15th is the Q2 estimated tax deadline, just a friendly reminder. If you are looking for your quarterly vouchers, they are included in your client copy of your 2024 tax returns.

Please reach out if you have any questions!

Tax Deadline 4/15

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A few quick notes as we approach the deadline:

For those who have already completed 2024 taxes – A reminder for Q1 reviews and planning as needed. Advisory clients, please grab time on Brian’s calendar or send a request with your availability for 2025 planning.

For those still working on 2024: We likely already filed an extension for you, but this is our annual reminder that an extension provides more time to file, not to pay. We always encourage paying estimated tax liabilities by 4/15. If you owe tax when we finalize your extended returns, interest and penalty will apply.

To all: thank you for your continued partnership and confidence.

quick reminders:

  • Q1 estimated tax payments are due (for those who this applies to) on 4/15. Your 2024 client copy of your tax return should include forms 1040ES for each quarter when applicable. If your 2024 return is still on process, you may use prior year figures for now or coordinate with us to update the estimates.
  • If you have a DocuSign out to you for your 2024 return, please take your time to review prior to signing and let us know if you have any questions. Please note that we can always file an extension if needed, but you are responsible for making your extension tax payment if required.
  • Traditional and Roth IRA contributions deadline is also 4/15. This can not be extended, unlike SEP and employer 401k contributions.

Let us know if you have any questions!

Filed Under: Tax

2/15 Document Deadline

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S-Corporations and Partnerships – a friendly reminder of our 2/15 deadline for providing financial statements and supporting documents in order to meet the March 15th filing deadline. Please reach out or coordinate with our office if you have any questions.

If an extension is needed, please send us a request via email.

Filed Under: Tax