BIG BUSINESS "ACCOUNTING" CAPABILITY AT A SMALL BUSINESS PRICE.
Breaking News
Alert: Updates to Beneficial Ownership Information Reporting Deadlines – Beneficial Ownership
Information Reporting Requirements Now in Effect, with Deadline Extensions.
For More Information, Click Here!
Important 2025 tax dates
The IRS has set the following deadlines for the upcoming tax season:
• March 17, 2025
Partnerships 2024 Calendar Year Returns Due: The IRS requires you to file a 2024 calendar year return using Form 1065.
Provide each partner a copy of their Schedule K-1 or K-3 (Form 1065), partner's share of income, deductions, credits, etc.
File Form 7004 to request an automatic 6-month extension.*
S-Corporations 2024 Calendar Year Returns Due: File a 2024 calendar year income tax return using Form 1120-S and pay any tax due.
Provide each shareholder a copy of their Schedule K-1 or K-3 (Form 1120-S), shareholder's share of income, deductions, credits, etc.
File Form 7004 to request an automatic 6-month extension and deposit what you estimate you owe in tax.*
*Keep in mind that an extension allows you extra time to file, but does not extend the time you have to pay your income tax.
• S-Corporation Election: File Form 2553 to elect to be treated as an S-corporation beginning with calendar year 2025.
• April 15, 2025**
• First Quarter 2025 Estimated Tax Payment Due
• 2024 Individual Tax Returns Due — Most taxpayers have until April 15 to file tax returns. Email or postmark your returns by midnight on this date.
• Last Day To Make A 2024 IRA Contribution — If you have not already contributed fully to your retirement account for 2024, April 15 is your last chance to fund a traditional IRA or a Roth IRA.
•Individual Tax Return Extension Form Due — If you cannot file your taxes on time, file your request for an extension by April 15 to push your deadline back to October 15, 2025.
• June 16, 2025
• 1040 & GA 500 - Second Quarter 2025 Estimated Tax Payment Due
• September 15, 2025
• Third Quarter 2025 Estimated Tax Payment Due
• Sept. 15, 2025
• Non-Withholding Individuals: If not paying income tax through withholding, today is the deadline to pay Q3 2025 quarterly estimated taxes.
• Partnerships & S-Corporation Extension Deadline: This is the income tax filing deadline for partnerships and S-corps that requested a six-month income tax filing extension. Partnerships file Form 1065, S-corps file Form 1120-S and pay tax, interest, and penalties due.
• October 15, 2025
• Extended Individual Tax Returns Due — If you received an extension, you have until October 15 to file your 2025 tax return
Bookkeeping Solutions is proud to be a QuickBooks Solution Provider.
Tax season often brings worry and hassle for many reasons. However, QuickBooks simplifies this for your business by automatically calculating your income and expenses in real-time. Even payroll, which carries significant tax obligations, is handled seamlessly with automatic tax calculations every cycle.
Would you be interested in Quickbook Training for you or your staff?
If so, click here or aim your smart device over the QR Code. Either way, you will be on your way to learning more about the #1 Accounting App in the nation.
Aim your smartphone here!
We are a QuickBooks ProAdvisor Business!
Good News!
If you haven’t heard, we have good news for all of our customers and for the customers of Mason’s Business Services. Bookkeeping Solutions is now a partner with Mason’s Business Services. Our strong partnership gives us the ability to offer even more services to the Covington, Conyers, and surrounding areas. Both Bookkeeping Solutions and Mason’s Business Services love our customers and it shows!
Here is a reminder for you to please get updated information on all past and present employees, and all subcontractors. Please call us at 470-627-5560 and request a blank W-4 for employees and a W-9 for subcontractors. It's also a good time to verify that you have current insurance certificates on all subcontractors. To ensure a smooth start to 2024, we kindly ask that all updated information is sent to us as soon as possible. Thank you for making 2023 an outstanding bookkeeping year and we wish everyone a prosperous 2024.
Also, one more important fact. A TAX EXTENSION is not an extension on payment time if you owe taxes. A TAX EXTENSION is an extension for the FILING TIME only. If you ask for an extension and you owe money, the money owed will still accrue interest to the state or federal government until you file your taxes and pay money that is owed.
Reliable Tax Partner
We are not only expert accountants, we also know IRS tax code.
Helping All
From small family taxes to large business taxes, we want to be part of your family.
Sharing Our Knowledge
Expect trusted advice from seasoned accounting veterans and EXPERTS.
SERVING COVINGTON, GA, STOCKBRIDGE, GA, MCDONOUGH, GA, AND CONYERS, GA.
Bookkeeping Solutions is an accounting firm, located in Covington, GA that focuses on accounting, tax preparation, and bookkeeping for individuals or small to medium sized businesses across metro Atlanta and Georgia. We make it easy for you to achieve financial health by helping you with all aspects of your finances—from bookkeeping to accounting, from tax preparation to financial reports. If you live in the Covington, McDonough, Conyers, or Stockbridge, Georgia area, please call us today at 470-627-5560 and we will be glad to help you.
OUR SERVICES
Accounting
We can work as your outsourced accounting department or consult with training, audits, mergers, acquisitions, and property transactions for small to large businesses or individuals.
Tax Preparation
We’ll work with you to ensure your tax obligation is as low as possible. We serve individuals, businesses, and estates in Georgia, including Covington, Conyers, McDonough, Stockbridge and beyond. We would love to serve you.
Planning
What’s important to you? What are your priorities? Perhaps you’re saving for a house or to start a small business. Or maybe you’re looking ahead to retirement. Our staff can help you. Give us a call today at 470-627-5560!
Bookkeeping
It's in our name. Trust us with your day-to-day financial transactions and payroll for your Georgia business. Our business bookkeeping service addresses all of your accounting needs.
OUR TEAM
FREQUENTLY ASKED QUESTIONS
We would love to be able to say “NO” but taxes are a serious deal so we all need to be prepared. You can help both of us out by filling out our downloadable online “Tax Questionnaire” forms, especially the “2021 Tax Organizer” form. Once downloaded and printed, you can fill it out and bring it to your appointment with us. Please call us at 470-627-5560 for any help on choosing the correct form to download. The downloadable forms can be found by clicking here.
If you are an warm able-bodied individual with a pulse, you will need to recognize April 15th as your tax deadline, even if you don’t own a business
It’s all according to how much you made in the tax year along with your tax bracket. There are many factors that can affect how much you owe the IRS and how much that you may be refunded from the IRS.
