January 2022 Newsletter

January 31, 2022

January 2022 Newsletter

January 17 - Martin Luther King Jr. Day

January 18 - 4th quarter installment of 2021 estimated income tax is due for individuals, calendar-year corporations and calendar-year trusts & estates

January 24-
Ohio Monthly Sales & Use Tax Return and Payment

January 31- File and send forms W-2 and 1099’s, United States Quarterly Federal Excise Tax Return


Start tax filing for 2021

 - Organize filing records (1099s, 1098s, W-2s and other records)

 - Schedule tax appointment for meeting, drop off info once all is received, or upload to your portal

Begin tax planning for 2022

 - Create a budget

 - Adjust your withholdings

 - Rebalance investment portfolios


The new year is upon us and so is another tax filing season.  

With all the late breaking tax law changes, advance payments of the child tax credit, and several stimulus payments, this year's tax return may be a bit chaotic. But your situation does not have to be. Included in this month's newsletter are some tips to help your tax journey be a smooth one.

Also included is a great reminder for all of us to be prepared in case of fire. With the busy nature of our lives, this is an area that can be easily overlooked. There are also timely updates to retirement plan contribution limits for 2022 and a great list of ideas to help your small business prepare for the upcoming tax season.  


Please enjoy the information and pass along articles of interest to all your family and friends. And as always, please call if you have questions or need help.