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February General Ledger & Client Line

March Client Line - click below to view

https://e.clientlinenewsletter.com/baumsmithclemens/2023Mar

Date to Remember

Wednesday, March 15, 2023 – 2022 Tax Return Form-1065 - U.S. Partnerships and Form-1120S - U.S. S-Corporations for calendar year and calendar year foreign corporations with offices in the United States must be filed by this date.

If you are unable to file, an extension of time can be granted by filing Form 7004, Application for Automatic Extension of Time to File Certain Business Income Tax, Information, And Other Returns by the same date.

Tax Appointments

Did you schedule your tax meeting yet? April 15th will be here before you know it. Our accountants are ready and eager to meet with you now to help you file a timely return.

Please call Christina at (215) 368-5755 at your earliest convenience to schedule an appointment with your accountant now.

National Slam the Scam Day March 9, 2023

The Social Security Administration has announced plans to recognize “National Slam the Scam Day” on Thursday March 9, 2023. One of the purposes of this event is to help prevent Social Security-related scams and to stop scammers from stealing your money and personal information. 

Recognize the four basic signs of a scam:

  1. Scammers pretend to be from a familiar organization or agency, like the Social Security Administration. They may email attachments with official-looking logos, seals, signatures, or pictures of employee credentials.
  2. Scammers mention a problem or a prize. They may say your Social Security number was involved in a crime or ask for personal information to process a benefit increase.
  3. Scammers pressure you to act immediately. They may threaten you with arrest or legal action.
  4. Scammers tell you to pay using a gift card, prepaid debit card, cryptocurrency, wire or money transfer, or by mailing cash. They may also tell you to transfer your money to a    “safe” account.

Ignore scammers and report criminal behavior. Report Social Security-related scams to the SSA Office of the Inspector General (OIG).

Report a Scam:

https://secure.ssa.gov/ipff/home?utm_campaign=oig-scam-23&utm_content=report-a-scam-cta-feb2023&utm_medium=email&utm_source=govdelivery

MYPATH vs. e-Tides

e-TIDES, the former online filing system for Pennsylvania business taxpayers has been retired as of February 24, 2023. That means all business taxpayers and former e-TIDES users will instead be using myPATH for filing returns, making payments, and managing their accounts.

Taxpayers having issues with creating their account on myPATH are asked to request an access letter, which will be sent to the address on file with the DOR. In addition, the DOR has included information related to signing up and using the new myPATH portal at revenue.pa.gov