JCH Management Group LLC

01/27/2023

A very, very belated - but no less sincere - welcome to 2023! Where does the time go!? Hopefully your holiday season was safe and enjoyable, and your new year has gotten off to a great start!
Tax Filing Dates and Deadlines
Its officially tax time! The IRS announced that 2022 individual filings will be accepted and processed beginning January 23rd. Returns can be completed prior to this date and will be put into queue until the electronic filing window opens. The filing deadline to submit 2022 individual returns or file an extension is Tuesday April 18th.
Business and entity return filing is already underway with deadlines of March 15th for Partnership and S-corp filers, and April 18th for C-corporations. A 6-month extension is available for each filing.
Calendar-year Non-Profit and Tax-Exempt organizations file by the 15th day of the fifth month after their fiscal year-end.
Generally, estate and trust filings are due by the 15th day of the fourth month following the close of the tax year.
Annual Reports
Requisite corporate annual reports are filed with the respective Secretary of State offices in conjunction with the tax filings. This ensures all filings are completed in a timely manner. Annual reports are also required of Non-profit organizations and LLCs in addition to corporations and partnerships.
Informational Returns
We are also preparing and filing informational returns such as W2/W3, 940, 941, 1099, and other related forms and statements. The deadline to file these tax documents is January 31st. Please reach out to the office as soon as possible if you require any of these forms for your business, organization, or if you are a household employer. This will ensure a timely filing.
Return Processing
It usually takes 14 - 28 business days on average for the IRS to process current year returns, approximately twice that long for prior year returns. State processing times vary. Amended returns can take up to 24-weeks to process per the IRS.

We offer appointments in-person, by video, and by phone. You can make an appointment
through our website at veritastax.com or by accessing our appointment calendar
directly online at veritastaxappointments.as.me

09/17/2022

IMPORTANT TAX INFORMATION FROM THE IRS!! 2019 & 2020 FILINGS.... IF YOU HAVE NOT FILED.. HERE IS YOUR WINDOW OF TIME TO AVOID LATE FILING PENALTIES!!!
SEPT 30,2022 DEADLINE... DON'T MISS OUT!
Penalty relief; don't wait to file; IRS tax volunteer recruitment
This edition of outreach connection features:
• Automatic penalty relief for certain 2019 and 2020 late tax returns due to COVID-19 if filed on or before September 30, 2022.
• Reminder for those who requested a filing extension: Don't wait to file until the mid-October deadline; file as soon as possible
• Make a difference in your community: IRS is recruiting volunteers to prepare taxes for free for the upcoming 2023 filing season

07/23/2019

Benefits of hiring an accountant at tax time
Some 58% of small business owners and 47% of self-employed business owners hired an accountant to help with their most recent tax return. More than half paid less than $300 for the accountant’s services, and 44% said it took two hours or less to get their paperwork in order to hand off to an accountant.

Those who did not use an accountant, on the other hand, spent an average of 8.8 hours preparing and filing their taxes. How does that compute? Well, if you bill $100 an hour for your business’s services, you could either spend almost $900 of your own time preparing and filing your taxes—or you could pay $300 to have a professional do it.

There are lots of other ways hiring an accountant can save you money at tax time.

Accountants keep up-to-date on the latest tax information so they know which tax deductions you’re entitled to and how to minimize your tax liability. (This is especially important in the wake of recent tax law changes.)
Accountants know how to keep you out of trouble when you file your taxes and can also serve to represent you before the IRS if you should get audited.
As they prepare your taxes, accountants will likely notice ways you could do things differently in the coming year to help keep more of your money the next time you file your taxes.

07/08/2019

TO ALL MY FACEBOOK FRIENDS AND FAMILY I JUST GOT WORD FROM TWO PEOPLE THAT "KNOW" ME THAT THEY HAVE HACKED MY PAGES... IF YOU GET A MESSAGE THAT SEEMS LIKE IT IS FROM ME ON MESSENGER IT DID NT COME FROM ME SO DO NOT RESPOND AT ALL

02/28/2019

Here’s an article we wanted to share with you.

Saying the wrong thing could cost you thousands.

02/27/2019

We are dedicated to providing our clients with affordable, professional,and personalized services in a wide range of financial and business needs.

Email us at [email protected]

02/26/2019

Here’s an article we wanted to share with you.

It takes courage and dedication to start your own business, but not much cash.

02/24/2019

Here’s an article we wanted to share with you.

Here's how to pay off credit card debt faster.

02/22/2019

Here’s an article we wanted to share with you.

Selling your business? How the deal is structured impacts taxes.

02/21/2019

We are dedicated to providing our clients with affordable, professional,and personalized services in a wide range of financial and business needs.
Email us at [email protected]