ARSA is pleased to announce the firm’s continued growth in the Central Florida market. We have hired Mary Manning, CPA, to support the growing demand of our Florida clients. Mary has an MBA from the University of Wisconsin and more than 30 years’ experience in business finance. She brings vast knowledge in corporate controllership, government contracting, manufacturing, financial analysis, strategic planning, budgeting, forecasting, and systems implementation to the ARSA family. We are excited to have her join our team!
ARSA was excited to participate in the Huntsville GovCon Growth Summit at the Jackson Center today with Unanet. The day kicked off with a presentation by the Bloomberg Government analyst team, reviewing the Huntsville market and discussing the growth opportunities available to the region. Our very own, Brandon Smith, moderated a CFO panel, featuring four local CFOs. A third presentation by local firm H2L Solutions was given discussing the top cybersecurity controls and mitigation to grow your business. The event was a big success!
Important Dates to Keep in Mind
- Due date for Calendar Year Partnership (1065) and S-Corporation (1120S), may file an extension until 9/17/18
- File Form 2553 to elect to be treated as an S-Corporation beginning with calendar year 2018
- 1040 Individual income tax deadline. Due date for all calendar year personal tax returns. If filing an extension, remember that an extension is an extension of time to file, not pay
- 1st Quarter Personal estimated payment due date. If required to pay estimated taxes, this is the first installment of 4 Quarters
- 1st Quarter Corporate estimated payment due date
- Form 1041 deadline (Estates and Trusts), may extend to 10/1/18
- FBAR FinCEN Form 114 deadline (Report of Foreign Bank and Financial Accounts), may receive automatic extension until 10/15/18
- Form 1120 (C-Corporation deadline), may file extension to 10/15/18
- Form 941 deadline (payroll tax)
- Form 990 deadline, may extend to 11/15/18
As a trusted advisor, we continue to bring value to our clients by thinking proactively about the years to come, not just the years past. With the passage of the Tax Cuts and Jobs Act, some deductions that were previously deductible in full, will be limited. One of such deductions is the $10,000 limit of the amount of taxes deductible as an itemized deduction. To combat this limitation, ARSA has been advising our clients to consider a contribution to a Scholarship Granting Organization or SGO. Read our article and contact us today at 256.533.1040 to discuss.
The tax reform legislation recently passed by Congress significantly changes the landscape for individuals beginning January 1, 2018, and continuing for many years to come. For many taxpayers, the changes made by the legislation present a host of tax planning challenges and opportunities. Check out our article to find out the new changes. Please contact us at 256.533.1040 to discuss tax planning opportunities and the impact of Tax Cuts and Jobs Act on your situation.
Hey Football fans! If you make contributions to things like Tide Pride or Tigers Unlimited you may want to check out this video, the new tax plan may affect you!
Big news! President Trump has signed the new tax bill into law. The President says many people will see changes to their paycheck starting in February but there are a few things you may want to take care of now. Check out the video for more or give us a call at 256-533-1040.
There could be some big tax changes on the horizon but don’t worry, here at ARSA we have been reading up on the new tax bill. Over the next few days we will be posting videos about the new bill, if and when it passes, and how it will affect you, your family, and your company.
We are pleased to announce several recent promotions within the firm! In the Tax Advisory Services group, Chris Cook, CPA and Andrew Labosier, CPA, MAcc, MBA have been promoted to Supervisor. In the Audit & Assurance group, LeAnne Goode, MBA has been promoted to Supervisor and Rachel Bray, CPA, MBA has been promoted to Senior. In the ARSA Solutions group, Alex Marino, MAcc, Elena Miller, MBA and Caroline Rhodes have been promoted to Senior.
Tax Advisory Services
Audit & Assurance
As the year draws to a close, tax reform remains a priority of both President Trump and Congressional Republicans. With the introduction of H.R. 1, both the President and leaders in Congress have made clear their intent to enact broad individual income tax reforms. Read what the bill will impact here.