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The second quarter of 2025 brings more than just the big tax deadline most folks are familiar with. We outline all of the deadlines below:

April 15 – Individuals must file (or extend) their 2024 personal returns and pay any tax due.

• Individuals, trusts and calendar-year corporations must pay first-quarter estimated taxes.
• Individuals must file a 2024 gift tax return or file for an extension and pay any gift tax due.
• Calendar-year trusts and estates must file 2024 returns or file for an extension.
• Calendar-year corporations must file a 2024 income tax return or file for an extension and…

When a business is converted from a C corporation to an S corporation, its owners sometimes encounter an unexpected—and unwelcome—tax liability in subsequent years. Often referred to by its unfortunate acronym, the “built-in gains” (BIG) tax can catch recently converted S corporation shareholders by surprise. Adding to the surprise, the liability associated with the BIG tax liability can be substantial, and is paid in addition to any tax paid by the shareholders on their S corporation income.

With today’s lower corporate tax rates, S corporation conversions are not as common as in years past. Nevertheless, many situations still…

Hiring the right auditor is crucial for ensuring your business’s financial health and compliance with regulations. But what exactly makes an exceptional auditor? Below are the top qualities business owners should prioritize when selecting the right professional for the job.

1. Attention to Detail

Auditors deal with complex numbers, documents, and processes. The ability to spot inconsistencies and errors, no matter how small, is critical. A detail-oriented auditor minimizes mistakes and ensures accuracy in every report.

2. Strong Analytical Skills

Auditing is more than just number-crunching—it involves interpreting data to uncover trends, risks, and opportunities.…