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!