January 2024 Newsletter

Happy New Year!

If you missed the 2023 IMPORTANT YEAR END communication that contains crucial information, click on the link below. Please contact our office if your email address has changed.

Business Clients - Please Read

Another NEW filing requirement. Congress enacted the Corporate Transparency Act (CTA) in 2021, which will impact most LLC, limited partnerships, and corporations. The CTA seeks to detect money laundering and terrorism by requiring reporting companies to submit certain invasive information to the Financial Crimes Enforcement Network (FinCEN) effective January 1, 2024. Failure to comply could result in civil and/or criminal penalties.

If you would like Chandler & Knowles CPAs to handle this reporting for you, please email Lindsey Welch ASAP.

Read about the FinCEN filing requirements by clicking the link below:

Tax Organizers Coming Soon!

A completed questionnaire and review of your organizer is one of the “must-haves” we need to start preparation on your return. Keep a look out for an email regarding these documents from SmartVault come mid-January.

Important Dates

Tuesday, January 16th
4th Quarter Estimated Payments Due

Wednesday, January 31st
Due date for employers to send W-2 forms

Due date for providing Forms 1099 to the recipients

Estimated Tax Payments

Do I Need to Make Quarterly Tax Payments?