Stay Compliant. Stay Ahead. Finish Strong.

April is here — and with it comes the busiest tax deadline of the year. We're here to help you navigate it smoothly while keeping you informed on key updates and planning opportunities.

Key April Deadlines You Need to Know

Refunds, Balances Due & Extensions

• If you're receiving a refund, no further action is needed once your return is filed
• If you owe, payment is due by April 15 to avoid penalties and interest
• We'll provide your exact refund or balance due with your return
• If we're missing information, we'll file an extension on your behalf — but we recommend making a payment if you expect to owe

New Tax Law Changes Impacting 2025 Returns

The One Big Beautiful Bill Act (OBBBA) introduced several taxpayer-friendly updates — many retroactive to 2025:

• New above-the-line deductions for tip income and overtime pay
• Increased standard deduction
• Expanded Child Tax Credit
• Higher SALT deduction cap (temporary for 2025)
• Additional $6,000 deduction for seniors (65+)
• Potential deduction for auto loan interest

Many taxpayers may see larger refunds as a result. Let us know if you'd like us to review your situation to ensure you're maximizing these benefits.

Estimated Taxes (Q1)

First-quarter 2026 estimated tax payments are due April 15. This typically applies if you're self-employed, own a business, or have income not subject to withholding. Missing this deadline can result in penalties — reach out if you need help calculating your payment.

Bookkeeping Tips for a Strong Start to 2026

• Reconcile all bank, credit card, and payroll accounts through March
• Track new deduction categories (tips, overtime, etc.)
• Keep receipts organized in QuickBooks, Xero, or digital folders
• Review Q1 financials for accuracy and trends

Clean books now = faster filings and fewer surprises later.

S-Corp & Compliance Check-In

If you recently elected S-Corp status (effective January 1), now is the time to ensure payroll is set up and running, reasonable compensation is being paid, and owner distributions are properly tracked. This is one of the most common areas where mistakes happen — our team can help you set up payroll in Gusto. Also stay current on payroll tax filings (Form 941 due April 30) and state sales tax obligations.

Looking Ahead: 2026 Planning Opportunities

• 100% bonus depreciation is back for qualifying assets
• Many TCJA provisions remain in place
• A new charitable deduction (even without itemizing) begins in 2026

The best tax savings happen before year-end — not after. Many clients disappear after tax season, but a mid-year planning session can project your 2026 liability, adjust estimates, and time purchases and contributions.