Author: Admin
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Photo: HolmescpaMarch Insights
March 21 BOI reporting deadline set; further delay possible By Martha Waggoner and Neil Amato February 19, 2025 Most small businesses required to file beneficial ownership information (BOI) reports will have until March 21 to do so after a federal district court lifted the last remaining nationwide injunction that halted the filings, the Financial Crimes…
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Photo: LGA, LLPFebruary Insights
March 21 BOI reporting deadline set; further delay possible By Martha Waggoner and Neil Amato February 19, 2025 Most small businesses required to file beneficial ownership information (BOI) reports will have until March 21 to do so after a federal district court lifted the last remaining nationwide injunction that halted the filings, the Financial Crimes…
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Photo: LinkedinJanuary Insights
Issue Number: IR-2024-311 Inside This Issue – From IRS Prepare to file in 2025: Get Ready for tax season with key updates, essential tips WASHINGTON — With the 2025 filing season quickly approaching, the Internal Revenue Service encouraged taxpayers to take key steps now to prepare for filing their 2024 federal income tax returns next…
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Photo: Nick Fewings- Unsplash2024 Mileage Rates
Mileage rates for 2024 – for taxes filed in 2025 Effective January1 through Dec. 31, 2024, the standard mileage rates are as follows: Mileage Rate through 2024 (for Taxes filed in 2025) Purpose For business use 70 cents per mile For medical care and for moving active-duty members of the Armed Forces…
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Photo: FreshBooksAnnual Report Reminder
This is to remind you that the Partnership/LLC/ Scorp/Corp annual report is due. Determine your company’s due date and fees (these vary by entity type).NC corporations (foreign and domestic) and partnerships (LLPs and LLLPs) must file an annual report by the 15th day of the 4th month after fiscal year end. The filing fee for…
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Photo: Stacey-E.-BurkeQuarter 4 Estimates
4th quarter estimates will be due on January 15, 2025. Federal and state estimates are required for Schedule C filers, c-corporations and on pass-through entities such as s-corporations or partnerships since the tax structure is a pay-as-you-go system. Estimates may also be required if you have had any substantial taxable transactions where tax was not withheld…
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Photo: Cornerstone Marketing SolutionsQuarter 3 Estimates
3rd quarter estimates will be due on September 16, 2024. Federal and state estimates are required for Schedule C filers, C-corporations and on pass-through entities such as S-corporations or partnerships since the tax structure is a pay-as-you-go system. Estimates may also be required if you have had any substantial taxable transactions where tax was not withheld,…
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Photo: Slagle Strategic GroupBeneficial Ownership Reporting Update
Update on Beneficial Ownership Information Reporting and the Corporate Transparency Act From NATP, we want to inform you of significant developments that impact your work, so we want to share the latest updates regarding the Corporate Transparency Act (CTA) and its beneficial ownership information (BOI) reporting requirements. On Dec. 3, 2024, a federal court issued…