Dávila HR & Taxes

www.davilahrandtaxes.com

Discover our online services! Get financial advice, tax help, and accounting support conveniently. Visit our website to learn more!

Davila Hr and Taxes As a tax professional, I am here to optimize your financial strategies Saving You Money Personal & Business Tax Preparation Entity Formation Retirement Planning

For more information regarding business entities please reach out to Natalia Dávila for a free consultation!

Call Now:760.761.0993

Here are some suggestions for getting ready for your upcoming tax season:

Take a look at your tax balance, payments, and the various payment options that are available.

Effortlessly make payments and inquire about payment plans.

Retrieve your tax records whenever necessary.

Connect with your tax preparer in the middle of the year to assess your earnings and the amount of taxes withheld annually!
#2024

Hey there!

Just wanted to give you a heads up that the tax deadline for most of the United States was on April 15th. However, if you happen to be living in San Diego County and got hit by those crazy storms, then guess what?

Your tax deadline got extended until June 17th! How awesome is that?

https://www.irs.gov/newsroom/taxpayers-remember-an-extension-to-file-is-not-an-extension-to-pay-taxes

Tips for Navigating Tax Season Successfully!

Tips:
- Keep yourself informed about the latest tax legislation and rules.
- Consult with a professional tax advisor for guidance.
- Request extensions if you miss the initial due dates.
- Be thorough when reporting additional income to avoid any omissions.

Avoid:
- Carelessly discarding receipts and financial records.
- Providing false information on your tax forms.
- Neglecting to claim deductions from the previous year.
- Make sure you understand the tax benefits you are eligible for.

For more information about tax season, follow .

Important Dates for Income Tax

•January 16, 2024
2023 fourth quarter estimated tax payments due for individuals.

•March 15, 2024
2023 S Corporation Income Tax returns and tax due (for calendar year filers).
2023 Partnership and LLC Income Tax returns due and tax due (for calendar year filers).

•April 15, 2024
2023 Personal Income Tax returns due and tax due
2023 C Corporation Income Tax returns and tax due (for calendar year filers).
2024 first quarter estimated tax payments due for individuals and corporations.

•June 17, 2024
2024 second quarter estimated tax payments due for individuals and corporations.

•September 15, 2024
2024 third quarter estimated tax payments due for individuals and corporations
Extended due date for 2023 S Corporation Income Tax returns (for calendar year filers).

•October 15, 2024
Extended due date for 2023 Personal Income Tax returns.
Extended due date for 2023 Partnership and LLC Income Tax returns (for calendar year filers).

•November 15, 2024
Extended due date for 2023 C Corporation Income Tax returns (for calendar year filers).

•December 15, 2024
2024 fourth quarter estimated tax payments due for corporations

•January 15, 2025
2024 fourth quarter estimated tax payments due for individuals

***When the due date falls on a weekend or holiday, the deadline to file and pay without penalty is extended to the next business day.***

Reference:

https://www.irs.gov/

Are you aware?⁠
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TurboTax and H&R Block have incorporated AI chatbots into their tax advice services. However, it has been reported by the Washington Post that these chatbots are providing inaccurate tax information.⁠
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In a recent investigation, Geoffrey A. Fowler, a columnist at the Washington Post, discovered that approximately 30% of the AI responses received from H&R Block were deemed unhelpful. This suggests that seeking assistance from a tax professional remains a more effective strategy for managing your taxes.⁠
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References:⁠
https://www.washingtonpost.com/technology/2024/03/04/ai-taxes-turbotax-hrblock-chatbot/⁠
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We understand getting your taxes done for your business is not easy. ⁠
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Don't hesitate this tax season. Get a free consultation virtually or in person, whichever works best for you. ⁠
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Call at 760.761.0993 ⁠
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Did you know that the standard deduction helps to reduce taxable income for those who choose not to itemize their taxes? According to CBS News, in 2023, married couples filing jointly will enjoy a standard deduction of $27,700 - that's a $1,800 increase or a 7% boost from the 2022 tax year's $25,900. Meanwhile, for single taxpayers and those who are married but filing separately, the standard deduction in 2023 is $13,850, which is up by 6.9% from the previous year's $12,950. If you'd like to learn more about the IRS or stay updated on financial news, feel free to follow us. ⁠
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References: https://www.cbsnews.com/news/tax-filing-2024-what-to-know/ ⁠⁠⁠⁠⁠
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LLCs, C-Corps, and S-Corps are different types of legal business entities.⁠
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•Limited Liability Company (LLC):⁠
Description: An organizational structure in the United States that offers protection to owners by limiting their responsibility for the company's debts or liabilities.⁠
•Corporations (C-Corps):⁠
Description: A distinct legal entity separate from its shareholders.⁠
Key Point: Corporations are responsible for paying their taxes, while shareholders pay taxes on the dividends they receive.⁠
•S-Corporations (S-Corps):⁠
Description: Similar to a C-Corp but with a special tax status where the income is passed through to shareholders for taxation purposes.⁠
Key Point: S-Corps combines the advantage of limited liability with a simplified tax structure.⁠
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For more information, please visit: https://www.investopedia.com/terms/l/llc.asp⁠ ⁠⁠⁠⁠
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-Corps -Corps

Tax Tips⁠
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1. Gather all necessary tax paperwork and records for accuracy to avoid missing a deduction or credit. ⁠
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2. Remember to report all types of income on the tax return. ⁠
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3. Filing electronically with direct deposit is the fastest way to receive a refund. ⁠
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5. Consider which filing option to use; each one has its own benefits. ⁠
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Lastly, stay updated with &Taxes ⁠
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References: ⁠
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https://www.irs.gov/newsroom/things-to-remember-when-filing-2023-tax-returns ⁠
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Are you aware that it is possible to claim your dog as a tax deduction under certain circumstances? ⁠
1. Your dog must be officially registered with an authorized agency as a service animal for someone with disabilities.⁠
2. If you own a certified guard dog for your business and it belongs to one of the following breeds: Rottweiler, Doberman, or German Shepherd. ⁠
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As a licensed tax preparer, I specialize in business tax preparation. Focusing on S-Corps, Partnerships, LLCs, and Sole Proprietorships. ⁠
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Service Also Includes: ⁠
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✔️Personal Tax Preparation ⁠
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✔️Business Tax Preparation ⁠
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✔️Tax Planning and Advice ⁠
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Feel free to contact me for a complimentary consultation!⁠
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Visit us at www.starkeybrosinc.com ⁠
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Call 760.761.0993 ⁠
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Dávila HR & Taxes Hello, I am Natalia Dávila, an expert in HR and business taxes.

At Starkey Brothers Inc., I am the HR Manager and Department Head of a leading tax, accounting, and financial firm recognized for 8+ years of multi-faceted experience. I've mastered the art of delivering results. As a registered tax preparer specializing in Business tax preparation, I focus on S-Corps, Partnerships, LLCs, and Sole Proprietorships. When you choose me, you're not just getting a professional – you're gaining a strategic partner dedicated to optimizing your financial landscape. ⁠
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Let's transform your business, save money, and achieve unparalleled success together! ⁠
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Hi there! I'm Natalia Dávila!⁠
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I am a tax professional who can help your business save money. ⁠
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Don't hesitate to get a free consultation now! ⁠
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Visit us at www.starkeybrosinc.com ⁠
Call 760.761.0993 ⁠
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