Company Tax
October 2024
Company Tax Updates
Reminders
RemindersCompany Tax - Helpful Reminders
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Instructions for uploading financials to the BUSINESS Tax Portal.
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Details on financial template availability and process for ARCC Consulting Accounting Clients regarding financials.
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Information on document submission to the Tax Portal, the importance of document organization, and guidelines for uploading documents.
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Encouragement for tax consultations, with options for in-person, video, and phone appointments.
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Assurance regarding COVID-19 precautions and client communication protocols.
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Explanation of the tax return process, deadlines, and the implications of filing extensions.
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Contact information for general queries and guidance on communication with tax preparers.
Company Tax - Forms
disclaimer: The P&L template is a general template and edits will need to be made to correctly capture your business’s financials. ARCC Consulting is not responsible/liable for inaccurate financials provided to us (to prepare your tax return). We do offer accounting services and happy to provide you with an estimate to ensure that your financials are correct.
Company Tax Reminders
Let’s get ready for 2024 Business Tax Season
We want to wish you and your company Team Members a holiday season full of joy and peace. As the year ends, we are preparing for the upcoming tax season.
Beginning January we know that you’ll be working hard to close out 2024 and have your financials prepared as accurate as possible.
As soon as your financials are ready, please upload them to your Company’s tax portal.
- If you are needing a financials template, you can download one here P&L Template.
If you’re an ARCC client, we will be working extended hours to ensure your year-end financials are to you as soon as possible.
Corporate Tax Deadline
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The corporate tax deadline is March 15th. To ensure the business taxes are filed on time we will need to get your financials by no later than February 29th.
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For any financials received after February 29th, we will file an extension and continue to work returns in order financials were received.
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If you are an accounting client of ARCC’s, we will prepare those returns upon your approval of the final year-end financials
(gentle reminder that we will continue to work through our check list as normal for reconciliation).
Extension Filed
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As a gentle reminder, if we did not receive all documents by Feb 29th by 11:59pm, we automatically will file an extension for you. There is no additional fee for this. We will continue to work returns in the order that they were received.
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Filing an extension for your business return does not have a negative effect on your return; it provides you until September 16th to file the return.
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The extension is for your tax return only and does not include any payments due. The extension gives the taxpayer the time to file but not time to pay. You are still responsible to make a payment owed, including estimated payments, by March 15th.
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We thank you for being a valued client and look forward to working with you this tax season and the years to come.
Extension Corporate Tax Deadline Approaching
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The extension deadline for corporate tax returns is September 15, 2023 and is approaching quickly. To ensure that we have plenty of time to prepare your tax return, we will need all necessary tax documents submitted to us by no later than August 31, 2023.
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Tax documents submitted after this date may not be filed by the September 15th deadline and you will continue to accrue penalty and interest fees until your return has been submitted & payment made (if you have a payment due).
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Please upload your documents to our secure Tax Portal.