July 2025 Client Tax Filing Update
From Brady Ware’s engagement teams, here is your monthly tax filings update to help keep you aware of what’s coming from us, reminders, key dates and other important information about your taxes.
July Updates and Reminders
For Individuals
Ohio Sales Tax Holiday
One Big Beautiful Bill Act (OBBBA):
For individual taxpayers, there are key areas to understand for your tax situation. Learn how these impact you.
OBBBA Tax Law: Key Tax Changes for Individuals
The OBBBA Tax Law’s Impact on Estate Planning
For Businesses
Due Dates
July 31: Reporting income tax withholding and FICA taxes for second quarter 2025 (Form 941), and paying any tax due.
July 31: Filing a 2024 calendar-year retirement plan report (Form 5500 or Form 5500-EZ) or requesting an extension.
One Big Beautiful Bill Act (OBBBA):
For businesses, numerous areas are impacted that were either set to expire or had hit milestones with negative implications.
Business Tax Implications of the OBBBA
For Ohio Residents
The State of Ohio recently announced its sales tax holiday dates: the holiday starts at 12 a.m. on August 1 and ends at 11:59 p.m. on August 14. For more details, exclusions and more read the full article below.
August 2025: Start Planning Ahead
The next big deadlines will be September 15 and October 15 when extended returns are due. If you have not yet provided your information to your engagement team, now is the time to get on our summer schedule.
Summer is a great time to also consider things such as estate planning, state and local nexus review, accounting service and bookkeeping needs. Let us know if you have any concerns that we can help you address.
Helpful Links
Check out our Client Resources page for links to upload your information, tax forms and more.
Need help but do not know who to contact? Fill out our contact form and let us know how we can assist.
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