April News To Know

March 29, 2024

Dear Clients & Friends,

As the April 15th deadline for individual tax returns rapidly approaches, it is important to have all of your documentation in order. If you haven’t sent us your documents yet, you will be put on an extension. Aside from personal tax returns, Trust and C-Corporation returns are also due to be filed or extended by April 15th. See the table below for a comprehensive overview of returns and payments with their upcoming due dates.

The beginning of 2024 came with a pivotal update in business compliance. The Beneficial Ownership Reporting requirement is now in effect, obligating clients who have formed a business in 2024 to submit a comprehensive report within 90 days of their formation. Businesses established before 2024 will have until the end of 2024 This regulation is designed to enhance transparency and fortify the integrity of business practices. We understand the complexities this new requirement may introduce to your corporate responsibilities. Should this mandate pertain to you, we strongly encourage reaching out to your CJBS trusted advisor at your earliest convenience.

In an era where digital innovation accelerates, data security has become a cornerstone of sustaining trust and integrity in any business operation. Our newest article and webinar dives deep into the evolving landscape of fraud, highlighting the critical importance of robust data protection strategies to shield your personal information. Additionally, check out our recent webinar on cannabis business data security and internal controls! This webinar features industry-specific insights, ensuring that your venture not only complies with stringent regulations but also fortifies its defenses against cyber vulnerabilities. Both resources are tailored to equip you with the knowledge and tools necessary to navigate the complexities of data security in today’s fast-paced digital world.

As we head into tax season, here are due dates to keep in mind for the first half of 2024:

Ensuring a secure and efficient tax filing process not only keeps stress at bay but also positions you for a more secure financial future. The CJBS team is actively working to prepare your tax returns and extensions. As always, we are here to answer any questions you have.

Stay safe & healthy, 
The CJBS Team