As we enter the final stretch of the 2024 business tax season, we want to share an important reminder for select clients. If you have not yet submitted your required tax documents, please do so by Friday, August 8, 2025.
While this may not apply to all of our clients, a timely and complete submission is essential for us to prepare your return accurately and file it on time. Our team is here to support you every step of the way, but we cannot proceed without your information.
Why This Deadline Matters
Each year, we set internal deadlines to ensure we have enough time to thoroughly review your materials, address any missing information, and file your return in a timely and compliant manner. This isn’t just about getting forms filled out, it’s about delivering strategic tax planning, maximizing deductions, and helping you avoid penalties or delays.
This deadline gives our team the necessary runway to prepare, review, and finalize your return with care. If we receive your documents after this date, we can’t guarantee your return will be filed on time, and you may face late filing penalties from the IRS or state agencies.
What You Need to Send
To keep the process moving smoothly, please be sure to submit the following documents:
- Profit and Loss Statement
- Balance Sheet (if available)
- 1099s, W-2s, or other income documentation
- Business expense records
- Bank statements and any supporting financial documentation
Even if your records aren’t perfect, it’s better to send what you have now rather than waiting. If something’s missing or unclear, we’ll work with you to fill in the gaps.
What Happens If You Wait?
Delaying the submission of your documents can lead to:
- A rushed and potentially incomplete return
- Missed deductions or credits
- Late filing penalties and interest
- Increased risk of errors and audits
We truly want to help you avoid these issues. That’s why we set clear deadlines and communicate with you proactively.
We’re Here to Help
If you’re unsure whether you’ve submitted everything, or if you need help pulling together your information, don’t wait. Reach out to our team today. The sooner we have your documents, the sooner we can start preparing your return, and the more opportunities we have to optimize your outcome.
Let’s work together to wrap up your 2024 return with accuracy, efficiency, and peace of mind. Thank you for trusting Tavola Group with your business tax planning needs. We appreciate your prompt attention to this important deadline.
