The Burgess Group, PA

04/15/2026

Just a friendly reminder that your 2026 1st Qtr Estimated Payment is due today! Please pay online at https://bit.ly/2TNpqSh for federal payments and https://bit.ly/4pNThs5 for Mississippi Payments. You can also visit our website at https://bit.ly/3Z2oZXj for additional resources.

04/01/2026

Tax deadline is in two weeks. If you need an extension for your individual, trust or C Corporation, please call our office today.

03/11/2026

For all Individual, Trust, Estates, or C- Corporations, please submit your tax information to our office by next Wednesday, March 18th. If we receive your information after this date, your tax return will be extened.

03/02/2026

Partnership and S-Corporations tax returns are due in 2 weeks. If you need an extension, please call our office today.

02/14/2026

02/12/2026

Married couples have a choice when filing their 2025 federal income tax returns. They can file jointly or separately. What you choose will affect your standard deduction, eligibility for certain tax breaks, tax bracket and, ultimately, your tax liability. Typically, filing jointly saves tax compared to filing separately. This is especially true when the spouses have different income levels. Combining two incomes can bring some of the higher-earning spouse’s income into a lower tax bracket. Also, some tax breaks aren’t available to separate filers. But filing separately may save tax when one spouse has significant medical expenses.

02/12/2026

Tax credits reduce tax liability dollar-for-dollar. So, they can be more valuable than deductions, which reduce only the amount of income subject to tax. One tax credit that hasn’t been getting much attention lately but that can still be valuable for certain small businesses is the credit for providing health insurance to employees. Although it’s been available for more than a decade and generally can be claimed for only two years, some small businesses may still be eligible. These may include newer businesses as well as older ones that only recently have begun offering health insurance. The credit can equal as much as 50% of health coverage premiums paid.

02/09/2026

If you have a partnership or S-Corp, please submit your information to our office by next Monday, February 16th. If we receive your information after this date, your return will be extended.

02/06/2026

If you itemize deductions on your 2025 individual income tax return, you potentially can deduct your 2025 donations to qualified charities. If you made a donation of $250 or more, you must substantiate it with a “contemporaneous written acknowledgment” from the charity. “Contemporaneous” means you receive it by the date you file your return (or the due date, including extensions, if earlier). If you haven’t yet received an acknowledgement for a 2025 gift (or filed your 2025 return), request it from the charity now. Additional substantiation rules apply to certain types of donations, such as noncash contributions. Contact us for help determining what you can deduct on your 2025 tax return.

02/03/2026

Did your business make repairs to tangible property, such as buildings, equipment or vehicles, in 2025? Such costs may be fully deductible on your 2025 income tax return, if they weren’t actually for “improvements” that must be depreciated over a period of years. Some IRS safe harbors can help: 1) the routine maintenance safe harbor, 2) the de minimis safe harbor, or 3) the small business safe harbor. However, improvements might also be eligible to be deducted immediately in certain circumstances. Contact us to discuss what you can deduct on your 2025 return and to start planning for tax-efficient repairs, maintenance and improvements in 2026.