The Heard Team is dedicated to making your tax filing experience as smooth and low-stress as possible. We understand how daunting or anxiety-inducing tax season can feel, especially if you're newer to owning your private practice.
One of the best ways we can guide you is giving you the big picture of how we'll prepare your taxes, and what you'll need to do on your part. In the videos below, Nicole Long, CPA and Heard's Accounting and Tax Operations Lead, will walk you through the essentials.
A quick note: if you click on the gear icon in the right bottom corner, you'll see an option to turn on closed captions.
Part 1: End-of-Year Review and Tax Questionnaire
End-of-Year Review start date: January 16, 2023
End-of-Year Review due date: February 15, 2023
Tax Questionnaire (1120-S for S corp) start date: February 1, 2023
Tax Questionnaire (1120-S for S corp) due date: March 1, 2023*
Note: This is only available once the End-of-Year Review has been completed.
Tax Questionnaire (1040) start date: February 1, 2023
Tax Questionnaire (1040) due date: April 1, 2023*
Note: This is only available once the End-of-Year Review has been completed.
*If you don't complete the Tax Questionnaire by those dates, then you'll automatically be put on an extension to avoid any penalties due to a late filing.
Part 2: Tax Questionnaire (continued) & Tax Draft Review
Tax Draft Review start date: February 15, 2023 or when the tax preparer has completed a draft
Tax Draft Review due date: Once your tax preparer sends you a tax return draft to review, you'll need to respond to your tax preparer's comments and questions ASAP (no more than two business days).
Part 3: E-filing your tax return
E-file start date: as soon as your tax preparer sends you the e-file authorization forms.
Form 1120-S (for S corps) due date: March 15, 2023
Form 1040 (individuals & sole props) due date: April 18, 2023
Tax payments due date: April 18, 2023
If you are making your own payments separately from the e-file: within 30 days after your e-file has been accepted.
Form 1120-S extension due date: September 15, 2023
Form 1040 extension due date: October 15, 2023