You are someone I thought of who could benefit from additional time.

Since spring brings new beginnings and fresh opportunities, at DMR, we’re excited to share two NEW service offerings – 

Virtual Solutions Executive Services 

and 

Beneficial Ownership Reporting (BOI) Support! 


NEW!!! Virtual Solutions Executive Services

Imagine scaling your business while feeling thoroughly supported every step of the way. Doesn’t that sound amazing? With DMR’s NEW Virtual Solutions Executive Team, this vision can become your reality!

Six years ago, I enlisted the support of Carrie Jareed without fully comprehending the potential of a virtual assistant. Today, Carrie stands as my trusted ally, handling everything from team building to emails along with a myriad of other high-level administrative tasks. Her support allows me to channel my energies into what truly drives my business forward: engaging with clients and fostering growth.

By personally having a virtual executive who has my back (every step of the way), I now have more creative freedom, and peace of mind, and feel the possibilities for my business are endless. I want the same for each of my valued client friends.  —Deidra 

After experiencing firsthand the incredible value of having a virtual executive who is a true partner, we’re thrilled to introduce a solution that elevates the standard of virtual assistance. Not just an order taker, but a right-hand thinking partner, someone who anticipates your needs and works with you shoulder to shoulder. 

As entrepreneurs, we often find ourselves juggling countless tasks, unable to foresee every challenge. That’s why having a dedicated advocate by your side is invaluable. 

If you’re ready to expand your business while enjoying unwavering support, Carrie and our NEW Virtual Solutions Executive Team are here for you! 

Interested? 

Simply reply with “Tell me more” to discover how we can propel your business’s growth to the next level.

The Sky is Not the Limit


NEW!!! Beneficial Owner Information (BOI) Reporting 

In 2021, Congress passed the Corporate Transparency Act (CTA) to combat money laundering and terrorist financing. This law creates a new BOI reporting requirement whereby most U.S. entities must report information about their ownership to the Financial Crimes Enforcement Network (FinCEN) by January 1, 2025.

We care about you and want you to feel supported!

The FinCEN website for information and to apply can be found at BOI E-Filing System.  We’re happy to help you with the process.

If you have any questions, our resident expert, Dianne Szabo is available to hold your hand through this NEW reporting requirement. Accordingly, please reach out to Dianne at dianne@dmraccounting.com.

Important Note:  The penalty for not completing your BOI report can be substantial, including imprisonment for up to two years and/or a fine of up to $10,000.

Reporting Due Dates – 

Existing Businesses:  If your company already exists as of January 1, 2024, the initial BOI report must be filed by January 1, 2025. 

New Entities established in 202490-Day deadline If your company is created or registered to do business on or after January 1, 2024, and before January 1, 2025, you have 90 calendar days after receiving actual or public notice that the company’s creation or registration is effective to file its initial BOI report.

Future Entities established after 202430-Day deadline If your company is created or registered to do business on or after January 1, 2025, you will have 30 calendar days after receiving actual or public notice that the company’s creation or registration is effective to file its initial BOI report. 

Please note that there could be changes to these due dates and requirements as this is a new reporting requirement, however, we recommend that you err on the side of caution and file as soon as possible.


Important Tax Deadlines Ahead…

Stay prepared with our list of upcoming tax deadlines. Remember, staying ahead is staying informed!

Form 2024 Tax Filing Due Dates (Tax Year 2023)
Form 990 Series – Tax Exempt Organizations Wednesday, May 15th
Form 1065 Extended Return Monday, September 16th
Form 1120-S Extended Return Monday, September 16th
Form 1041 Extended Return Monday, September 30th
Form 1120 Extended Return Tuesday, October 15th
Form 1040 Extended Return Tuesday, October 15th
Form 990 Series Extended Return Friday, November 15th

Estimated Tax Payments…

Form 1040-ES, Estimated Tax for Individuals

Payment Period       Due Date
April 1 – May 31, 2024       Monday, June 17th
June 1 – August 31, 2024       Monday, September 16th
September 1 – December 31, 2024 January 15* of the following year. *See January payment in      Chapter 2 of Publication 505, Tax Withholding and Estimated Tax
Fiscal-Year Taxpayers If your tax year doesn’t begin on January 1, see the special rules for fiscal year taxpayers in Chapter 2 of Publication 505

Texas Franchise Tax

Annual franchise tax reports are due Wednesday, May 15, 2024. There are distinctions between non-EFT and EFT Franchise Taxpayers. You can see more information on the Texas Comptroller tax page.


Stay Aware of Tax Scams…

The IRS has compiled an annual list of their Dirty Dozen – the top tax scams that could affect individuals or businesses. Please take a moment to read through the list and familiarize yourself with potential scams. 


Looking for a Getaway? 

As you plan your next retreat or vacation, consider staying at one of the stunning properties owned and managed by our clients, Ken and Sandra Musgrave, in ScottsdaleSedonaor Paradise Valley (coming soon). Experience first-hand, the luxury and beauty that Deidra enjoyed earlier this year. 

Explore the beautiful vacation rentals in Scottsdale or Sedona.


Next Steps for 2024…

We’re here to support every aspect of your business success. Reach out anytime you have questions about accounting and bookkeeping, or if you wish to explore our new services.

Thank you for choosing DMR Accounting & Consulting. 

Here’s to your business blooming this spring!

We’d love to highlight your business via our DMR Facebook page as well in our newsletters. Please contact Carrie Jareed, our Virtual Client Services Coordinator at csc@dmraccounting.com, or reach out to us via DMR Client Solutions with any news or promotions you would like us to share on your behalf.

Help us support you and connect with us on Facebook!

DMR Accounting & Consulting – Our Purpose and Values

Our company-wide initiative of cross-training ensures that you always have seamless service. This training takes place at no charge to our clients. This is another way we go Above and Beyond for you.

Happy New Year!

We hope you are looking forward to a prosperous 2024! Our team is ready to support you and all of your business needs this year!


Shout out…

We’re excited to begin this new year and want to take a moment to once again thank you, our valued client. We love working with each one of you! To those who were able to join us for the 15th Anniversary celebration, it was wonderful to chat and mingle with you. And, for those who could not make it, you were truly missed! We hope to see everyone again in person in the near future.


Important Tax Deadlines…

As always, the start of the new year brings tax deadlines. This year we’ve made a convenient table for important due dates.  

For 2023 calendar year tax returns due in 2024, the following dates will apply.

Texas Franchise Tax

Annual Texas franchise tax reports are due Wednesday, May 15, 2024. There are distinctions between Non-EFT and EFT Franchise Taxpayers. You can see more information on the Texas Comptroller tax page.

You can also see this article from Intuit with deadlines and detailed guidance for each one. The primary resource for each taxpayer is the IRS Publication 509.


Important Tax Preparation News…

The IRS has prepared guidance to help you get ready to file your 2023 federal income tax return. It includes information on what’s new and what to consider when you file. Take small steps to get organized now in order to file your return on time and with less stress.

Standard Mileage Rate Increase…

The IRS increased the standard mileage rate to 67 cents per mile for 2024. You can read the details here.


Ease into 2024… 

With the rush of holidays behind us, January is a great time to renew, replenish, and make self-care a priority. Here are a couple of inspirations as you make plans for 2024.

This article by Leo Babauta goes into the details of being intentional with your time. A worthwhile read as you decide what you want to accomplish this year.

Horselink is a local non-profit founded by our client, Julie Puentes. Horselink envisions a world that appreciates and benefits from the horse~human relationship. They have an upcoming retreat and monthly workshops designed to be fun and empowering. No riding is involved and no horse experience is necessary.


Our team is here help you stay on track.

Please reach out to your DMR team member if you have any questions about any of the above-mentioned tax deadlines. It’s our mission to provide clear direction and steady support as we help you close your books for 2023.

We wish you a happy, healthy, and prosperous 2024!

Thank you for choosing DMR Accounting & Consulting!

We’d love to highlight your business via our DMR Facebook page as well in our newsletters. Please contact Carrie Jareed, our Virtual Client Services Coordinator at csc@dmraccounting.com, or reach out to us via DMR Client Solutions.

DMR Accounting & Consulting – Our Purpose and Values

Our company-wide initiative of cross-training ensures that you always have seamless service. This training takes place at no charge to our clients. This is another way we go Above and Beyond for you.

Help us support you and connect with us on Facebook!

Thanks Fall!

We hope you’re enjoying the beautiful fall weather and looking forward to the final months of this year. We want to take a moment to reach out to you before the holiday festivities begin.


Client Highlight…

Want to support a great cause and serve a fantastic pie for your Thanksgiving gathering?

Order a pie (or two) from Loving Libbie’s pop-up shop. Loving Libbie Memorial Foundation provides Central Texas children with comfort foods while they undergo treatment for cancer and other life-threatening illnesses. The sale of these pies goes directly to fund their Comfort Through Food program. You can read more about them here


Important Tax Preparation Info…

Requesting W-9s is an important part of the contractor/vendor relationship. Ideally, these are collected before any payments are made. Here is a brief explanation of W-9s and why they’re important. 

Preparation of 1099 forms will be a top priority when starting out the new year. If you have questions about the various 1099 forms, this article offers an excellent overview. 


Holiday Self-Care…

While the holidays can be a wonderful and joyful time of year, they can also disrupt our schedules and create some anxiety. Here are ideas to take care of yourself during the holiday season.


Our team is here for you!

Please reach out to your DMR bookkeeper if you have any questions as you wrap up this year and prepare for 2024. 


Have a happy Thanksgiving and a wonderful holiday season! 

Thank you for choosing DMR Accounting & Consulting!

We’d love to highlight your business via our DMR Facebook page as well in our newsletters. Please contact Carrie Jareed, our Virtual Client Services Coordinator at csc@dmraccounting.com, or reach out to us via DMR Client Solutions.

DMR Accounting & Consulting – Our Purpose and Values

Our company-wide initiative of cross-training ensures that you always have seamless service. This training takes place at no charge to our clients. This is another way we go Above and Beyond for you.

Goodbye Summer & Small Biz Strategies

It’s been a scorcher here in Austin and we are ready to say so long to summer! We hope you made it through the heat and I know everyone’s looking forward to cooler weather this fall.


Client Highlight…

We’re kicking off our fall newsletter by celebrating The Davies Collaborative‘s 10 year anniversary! Our wonderful client is an award-winning architecture firm that has grown steadily over the last ten years with their multi-family, mixed use, and residential projects. We are thrilled and honored to support their business operations and wish them many blessings and continued success! 

Make space to focus on your business…

Do you need support creating a budget? Do you need to let go of transactional work that isn’t helping you grow your business? 

Here is a personal letting go story here at DMR Accounting: 

My inbox had over 200,000 emails – I dreaded checking my email – everyday. In the last few months, I finally accepted support with managing my emails and am now down to under 100 emails in my inbox. 

Accepting help took a tremendous weight off of my shoulders and allows me to focus on the most important messages. 

I highly recommend not waiting until you are overwhelmed and under pressure to accept help. 

As a reminder, our team is available to help enter transactions, reconcile accounts, or help prepare budgets. Please talk to your primary bookkeeper about how they may be able to take administrative tasks off your hands so you can focus on YOUR business instead of working IN your business. As owner/CEO, your best work is done at the strategic, big picture level, and not with the nitty-gritty details (our team’s specialty).

Additionally, here is a great article with strategies for balancing work and family. I’m a firm believer in the third suggestion…Live by your calendar. It takes time to slow down and plan, but life certainly runs much more smoothly when you are organized and have a plan! 


Tax Deadlines…

For your convenience, here is a list of the upcoming deadlines:


Our team is here for you!

Please reach out to your DMR bookkeeper if you have any questions about the above-mentioned deadlines.

Thank you for choosing DMR Accounting & Consulting!

We’d love to highlight your business via our DMR Facebook page as well in our newsletters. Please contact Carrie Jareed, our Virtual Client Services Coordinator at csc@dmraccounting.com, or reach out to us via DMR Client Solutions.

Hello Spring & News from DMR!

Bluebonnets are in bloom and it’s the perfect time to enjoy spring in Texas! If you’re looking for that perfect picture spot here’s a list of great locations in the Austin area.


Client Highlight…

Need a great neighborhood spot for a work meeting? 

Are you looking to unwind at the end of a busy week? 

CoffeeShark is the perfect destination for you! Located at the base of Jester Hill in Northwest Austin, they offer craft coffee and beer, as well as wine and food in a convenient setting. They have Friday night beer and food specials as well as Trivia Night every Saturday at 7pm.


Tax Deadlines…

For your convenience, here is a list of the upcoming deadlines:

2022 Estimated Tax Payments Due Dates

Form 1040-ES, Estimated Tax for Individuals

Texas Franchise Tax Returns

Annual franchise tax reports are due Monday, May 15, 2023. When tax due dates fall on a weekend or holiday, the due date will be the next business day. There are distinctions between Non-EFT and EFT Franchise Taxpayers. You can see more information on the Texas Comptroller tax page.

IMPORTANT NOTE:  Be sure to file this report on time even if you are only required to file a NO TAX DUE Report.  

Otherwise, the state will fine you with a $50 penalty!


Need a unique self-care experience?

Consider a HorseLink HorsePower Workshop on building emotional resilience. Horselink is a local non-profit that envisions a world that appreciates and benefits from the horse~human relationship. They are offering a workshop on April 1st. No riding is involved and no horse experience is necessary. 

Deidra had a wonderful time at one of their workshops earlier this year!


Our team is here for you!

Please reach out to your DMR bookkeeper if you have any questions about the above-mentioned deadlines.

Thank you for choosing DMR Accounting & Consulting!

We’d love to highlight your business via our DMR Facebook page as well in our newsletters. Please contact Carrie Jareed, our Virtual Client Services Coordinator at csc@dmraccounting.com, or reach out to us via DMR Client Solutions.

DMR Accounting & Consulting – Our Purpose and Values

Our company-wide initiative of cross-training ensures that you always have seamless service. This training takes place at no charge to our clients. This is another way we go Above and Beyond for you.

Welcome 2023!

We hope you are looking forward to a productive and prosperous 2023! We look forward to supporting your business needs this year!


Shout out…

Valentine’s Day is just around the corner. If you are looking for unique gifts, check out a couple of our valued clients whose products may inspire you.

The Gardner’s Wife is a curated collection of small batch, hand made goods for home and life, and specializes in dried floral arrangements, self-care products, with a sprinkling of home and lifestyle goods.

Caleesi Designs Jewelers creates original and custom jewelry designs, and offers excellent suggestions without pressuring or intimidating. Their mission is to give customers the best experience possible while staying true to the laid back, casual vibes of their South Austin neighborhood.


Important Tax Deadlines…

The beginning of the year brings tax deadlines along with it. See the table below for a list of important deadlines this year.  

For calendar year tax returns reporting 2022 information that are due in 2023, the following due dates will apply.

Estimated Tax Payments

Form 1040-ES, Estimated Tax for Individuals

Texas Franchise Tax

Annual franchise tax reports are due Monday, May 15, 2023. When tax due dates fall on a weekend or holiday, the due date will be the next business day. There are distinctions between Non-EFT and EFT Franchise Taxpayers. You can see more information on the Texas Comptroller tax page.

You can also see this article from Intuit with deadlines and detailed guidance for each one. The primary resource for each taxpayer is the IRS Publication 509.


Important Tax Preparation News…

UPDATE on Form 1099-K:

The IRS has postponed the lower reporting threshold of $600 for Form 1099-K. Please see this article from the Journal of Accountancy for details.

The IRS has prepared guidance to help you get ready to file your 2022 federal income tax return. It includes information on what’s new and what to consider when you file. Take small steps to get organized now in order to file your return on time and with less stress.

Standard Mileage Rate Increase…

The IRS increased the standard mileage rate to 65.5 cents per mile for 2023. You can read the details here.


Ease into 2023… 

Even though we’ve mentioned the unavoidable tax deadlines above, we want to remind you that self-care is still a priority. Renee Trudeau, life-balance and self-care expert, offers us these three questions. It’s still a good time to reflect on last year and determine what matters most for this one.

If life has been feeling a little overwhelming, consider a Horselink HorsePower Workshop on building emotional resilience. Horselink is a local non-profit that envisions a world that appreciates and benefits from the horse~human relationship. They are offering workshops in March and April designed to be fun and empowering. No riding is involved and no horse experience is necessary.

Our team is here to help you stay on track.

Please reach out to your DMR team member if you have any questions about any of the above mentioned tax deadlines. It’s our mission to provide clear direction and steady support as we help you close your books for the last fiscal year.

We wish you a happy, healthy, and prosperous year! 

Thank you for choosing DMR Accounting & Consulting!

Thankful for you!

It’s hard to believe we’re already half way through November and that Thanksgiving is next week! 

We want to convey our continued gratitude for the opportunity to offer clear direction and steady support to your unique business. We appreciate you, and it is our most sincere hope that you feel confident with your finances as 2022 comes to a close.


Shout out…

Want to support a great cause and serve a fantastic pie for your Thanksgiving gathering?

Order a pie (or two) from Loving Libbie’s pop-up shop. Loving Libbie Memorial Foundation provides Central Texas children with comfort foods while they undergo treatment for cancer and other life-threatening illnesses. The sale of these pies goes directly to fund the Loving Libbie Comfort Through Food program. You can read more about it here.


Important Tax Preparation News…

Requesting IRS Form W-9s is an important part of the contractor/vendor relationship. Ideally, these are collected before any payments are made.  We have a brief explanation of W-9s and why they’re important here. 

Preparation of 1099 forms will be a top priority when starting out the new year. If you have questions about the various 1099 forms, this article from Intuit’s TurboTax blog that offers an excellent overview. 

We mentioned this in our last newsletter, but feel it’s worth repeating.

There are updated requirements for IRS Form 1099-K. The minimum reporting thresholds have decreased to $600 for the tax year 2022. Small business owners and the self-employed who accept credit cards and electronic payments are more likely to receive a 1099-K from payment processing companies.  Here is an article with important details about Form 1099-K. 

And ICYMI…

We shared this on our Facebook Page, but in case you missed it

Effective July 1st the IRS increased the standard mileage rate to 62.5 cents per mile for the rest of 2022. You can read the details here.


Holiday Preparation…

With the holidays just around the corner, many small businesses are looking for new ideas for holiday gatherings. For some suggestions on how to switch things up and keep the festivities within budget this year, check this out!

The holidays can be full of joy and excitement, but they can also lead to high expectations and stress. Some ideas to implement self-care and manage stress during the holiday season can be found here


Our team is here to help you wrap up 2022.

Please reach out to your DMR team member if you have any questions about the above-mentioned articles or tax forms. We want you to have financial peace of mind by ensuring that you have everything organized for year-end. 

Reminder – The DMR Team offices will be closed Thursday and Friday, November 24th & 25th, as well as from Saturday, December 24th through Monday, January 2nd.  

We wish you, your family, and friends a happy and healthy holiday season! 

Happy Thanksgiving!

Welcome Fall & Year-End Prep

Fall is just around the corner with cooler temps, football games, and enjoying the outdoors again.


Shout out…

We’re kicking off our fall newsletter with a shout-out to one of our client’s non-profit organizations, HorseLink. As a lifelong horse owner, Julie Puentes has long believed in the possibility of horses helping heal human trauma. You can read the story of how HorseLink is fulfilling its vision of A world that appreciates and benefits from the horse~human relationship

Love horses?   Here are some ways to get involved and volunteer.

Curious about the mission of HorseLink?  Join me at the upcoming class – Horse Power: Emotional Resilance on October 8th!  Note: no horse experience is necessary.  I would love to see you there!

Love a great party for a good cause?   Check out Pony Up for HorseLinkRegistration and tickets for the November 6th event are available here.


Important Tax Preparation News…

Did you know there are updated requirements for IRS Form 1099-K? The minimum reporting thresholds have decreased to $600 for the tax year 2022. Small business owners and the self-employed who accept credit cards and electronic payments are more likely to receive a 1099-K from payment processing companies. Here is an article with important details about Form 1099-K. Please reach out to your DMR bookkeeper with questions about this form.

ICYMI…

We shared this on our Facebook Page, but in case you missed itEffective July 1st the IRS increased the standard mileage rate to 62.5 cents per mile for the rest of 2022. You can read the details here.


Cybersecurity and Tax Scams…

We believe that you can’t be too careful when it comes to protecting your business (or personal) data. Small businesses are particularly vulnerable to cyber threats. Here’s an article from the U.S. Small Business Administration on strengthening your cybersecurity.

Every year the IRS publishes their Dirty Dozen – the worst tax scams of the year. This collection of short articles is worth the read to stay aware and ahead of the game.


Our team is here to help you prepare for year-end.  Please reach out to your DMR team member if you have any questions.  

We’d love to  highlight your business via our DMR Facebook page, as well as in our newsletters. Please contact Carrie Jareed, our Virtual Client Services Coordinator at csc@dmraccounting.com, or reach out to us via DMR Client Solutions.

Help us support you and connect with us on Facebook

We are looking forward to meeting your business needs this fall and helping you close 2022 with grace and ease.

Thank you for choosing DMR Accounting & Consulting!

P.S. We’re hiring!  We have openings for a couple of part-time Entry-Level Bookkeeper/Administrative Assistants. If you know anyone who would make a great addition to our team (like a student or stay-at-home mom), please share this newsletter and have them apply here

DMR Accounting & Consulting – Our Purpose and Values

Our company-wide initiative of cross-training ensures that you always have seamless service. This training takes place at no charge to our clients and is another way we go Above and Beyond for you. 

You and your referrals are always appreciated! 

Happy Spring & News from DMR!

Spring is here and we’re looking forward to enjoying the outdoors with with longer days and warmer weather!  For more health and happiness, here’s a quick read on how to incorporate the outdoors into a busy workday.


Announcing…

Our DMR team has a new member and we are excited to introduce Elsie Meyer to you! 

Elsie joined us last fall and has been training with our Accounting and Bookkeeping Services Team on our time tested DMR procedures. She will complete her Associate Degree in Accounting and Full Charge Bookkeeping from Austin Community College this July. 

Elsie’s prior experiences in bookkeeping, project management, and data analysis make her a great addition to our Accounting and Bookkeeping Services team.  We are thrilled to be working with Elsie!

For all of our current and future accounting and bookkeeping services clients, it is important that you to know about our company-wide cross-training initiative.  This training takes place at no charge to our clients which is a win-win for both for the professional development of each DMR team member, and most importantly, for each of our client organizations.  

Teamwork makes the Dream Work After all the uncertainty we have collectively experienced in the last few years, we are proud to provide you with a highly qualified and experienced team that work together harmoniously and seamlessly to make your life easier.   

Continual cross-training is another way we go Above and Beyond for you.


Did you know…?

Texas has an Unclaimed Property Day. Read more about it here and feel free to ask your DMR bookkeeper if you have questions or would like assistance in the future.


Tax Deadlines…

For your convenience, here is a list of the upcoming deadlines:

Individual Federal Tax Returns (IRS Form 1040)

These are due by Friday, April 15, 2022. For an automatic extension, file Form 4868, and deposit estimated tax by the same date. The extension is only for filing the return. You must submit an estimated payment amount by April 15, 2022, if you expect to owe additional income tax.  

2022 Estimated Tax Payment Due Dates

Form 1040-ES, Estimated Tax for Individuals

Payment PeriodDue Date
January 1 – March 31, 2022 Friday, April 15, 2022
April 1 – May 31, 2022Wednesday, June 15, 2022
June 1 – August 31, 2022Thursday, September 15, 2022
September 1 – December 31, 2022January 15* of the following year. *See January payment in Chapter 2 of Publication 505, Tax Withholding and Estimated Tax
Fiscal-Year TaxpayersIf your tax year doesn’t begin on January 1, see the special rules for fiscal year taxpayers in Chapter 2 of Publication 505 

C-Corporation returns (IRS Form 1120)

These are due Friday, April 15, 2022. The extended deadline is October 15, 2022. If an entity operates on a fiscal year rather than a calendar year, the return is due on the 15th day of the fourth month following the end of the fiscal year.  

Form 1120, U.S. Corporation Income Tax Return

Texas Franchise Tax

Annual Texas franchise tax reports are due Monday, May 16, 2022. When tax due dates fall on a weekend or holiday, the due date will be the next business day. There are distinctions between Non-EFT and EFT Franchise Taxpayers. You can see more information on the Texas Comptroller tax page.

IMPORTANT NOTE:  Be sure to file this report on time even if you are only required to file a NO TAX DUE Report.  

Otherwise, the state will fine you with a $50 penalty and no one ever wants to pay extra taxes, especially for missing a silly deadline!

Non-profit Organization Tax Returns (IRS Form 990)

Tax-exempt organizations need to file their return by Monday, May 16, 2022. The extended deadline is November 15, 2022. 


Our team is here to help you through this spring season (and all seasons year-round) so that you can rest and enjoy life knowing that your finances are solid and reliable.

Please reach out to your current DMR bookkeeper if you have any questions. 

We encourage you to contact Carrie Jareed, our Virtual Client Services Coordinator at csc@dmraccounting.com, or reach out to us via our DMR Client Online Solutions Box anytime.  Your feedback is welcome!

We know you have choices when it comes to meeting your business and accounting needs.

Thank you for choosing DMR Accounting & Consulting!

DMR Accounting & Consulting – Our Purpose and Values

Connect with us on Facebook!

Happy New Year & Important Tax Deadlines for 2022

We hope you are looking forward to what this new year will bring, we are! 

Did you know that the standard mileage rates have increased for 2022? 

You can read more about the details in this article from the Journal of Accountancy.


Tax Deadlines…

For your convenience, here is a list of the upcoming deadlines:

Employers or Institutions (IRS Form W-2 and Form 1099)

These must be sent to employees or independent contractors by Monday, January 31, 2022, to avoid penalties.

Last year the IRS released a new Form 1099-NEC for nonemployee compensation.  Form 1099-NEC replaces Form 1099-MISC for nonemployee compensation only. If you haven’t already, please let us know as soon as possible if you would like our assistance with the mapping setup required in your accounting software to be compliant with this new form.  Form 1099-NEC is due Monday, January 31, 2022, the same as Form 1099-MISC.

Individuals (IRS Form 1040)

These are due by Friday, April 15, 2022. For an automatic extension, file Form 4868, and deposit estimated tax by the same date. The extension is only for filing the return. You must submit an estimated payment amount by April 15, 2022, if you expect to owe additional income tax.  

Estimated Tax Payments

Form 1040-ES, Estimated Tax for Individuals

Payment PeriodDue Date
January 1 – March 31, 2022 Friday, April 15, 2022
April 1 – May 31, 2022Wednesday, June 15, 2022
June 1 – August 31, 2022Thursday, September 15, 2022
September 1 – December 31, 2022January 15* of the following year. *See January payment in Chapter 2 of Publication 505, Tax Withholding and Estimated Tax
Fiscal-Year TaxpayersIf your tax year doesn’t begin on January 1, see the special rules for fiscal year taxpayers in Chapter 2 of Publication 505 

Partnership returns (IRS Form 1065) 

These are due Tuesday, March 15, 2022. The extended deadline is September 15, 2022. 

Form 1065, U.S. Return of Partnership Income

S-Corporation returns (IRS Form 1120-S)

These are due Tuesday, March 15, 2022. The extended deadline is September 15, 2022. If an entity operates on a fiscal year rather than a calendar year, the return is due on the 15th day of the fourth month following the end of the fiscal year. 

Form 1120-S, U.S. Income Tax Return for an S Corporation

C-Corporation returns (IRS Form 1120)

These are due Friday, April 15, 2022. The extended deadline is 

October 15, 2022. If an entity operates on a fiscal year rather than a calendar year, the return is due on the 15th day of the fourth month following the end of the fiscal year.  

Form 1120, U.S. Corporation Income Tax Return

Texas Franchise Tax

Annual Texas franchise tax reports are due Monday, May 16, 2022. When tax due dates fall on a weekend or holiday, the due date will be the next business day. There are distinctions between Non-EFT and EFT Franchise Taxpayers. You can see more information on the Texas Comptroller tax page.


Our team is here to help you have a great start in 2022. 

Please reach out to your current DMR bookkeeper if you have any questions about the above deadlines

 You are also welcome to contact Carrie Jareed, our Virtual Client Services Coordinator at csc@dmraccounting.com, or reach out to us via our DMR Client Online Solutions Box.

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