March 2025

Monthly Newsletter 

Business, Bookkeeping, and Taxes

• Business Insights: 

BOI reporting is back—here’s what you need to know! The deadline to file your initial, updated, or corrected BOI report has been extended to March 21, 2025, for most businesses.

If your business was assigned a later deadline (such as for disaster relief extensions), follow that specific date instead. FinCEN may provide additional updates on their website, so be sure to stay informed for any changes.

When filing your BOI report, you’ll need to provide your business’s legal information and personal details of beneficial owners. The process is quick and takes less than 30 minutes, so don’t wait until the last minute!

Be sure to save your confirmation after submitting for your records.

File your report here: https://boiefiling.fincen.gov/

• Upcoming Tax Deadlines: 

Tax season is in full swing, and it's important to stay ahead of the upcoming deadlines! Here are some key dates to mark on your calendar:

1. March 17, 2025: Tax returns due for partnerships, multi-member LLCs, and S-Corporations.

2. March 17, 2025: File Form 2553 if you're electing S Corp status for an existing company to have it effective for the 2025 tax year.

3. April 15, 2025: Individual tax returns are due (or file for an extension).

4. April 15, 2025: Payment for first quarter 2025 estimated business tax due.

• Final Thoughts from the Founder: 

Tax season is one of the busiest times of the year for business owners and even more so for bookkeepers and accountants.

We’re working extra hard to support our clients during this season and will respond as quickly as possible. To help keep everything running smoothly, please submit documents as requested and mark your calendars for important deadlines.

We appreciate your patience and trust in us, and we’re here to make tax season as stress-free as possible for you!