Demystifying Tax Extensions: Why They’re Not as Scary as You Think

tax extensions 2024

As April 15th looms on the horizon, the collective anxiety surrounding tax season begins to peak. For many individuals, the mere mention of this date triggers a flurry of worry and stress. However, what if I told you that April 15th doesn’t have to be synonymous with panic and dread? Enter tax extensions – a […]

New Beneficial Ownership Information Reporting Requirements

Beneficial Ownership Information Reporting

Introduction The Corporate Transparency Act (CTA), enacted as part of the National Defense Authorization Act for Fiscal Year 2021, introduces a new beneficial ownership information reporting requirement for certain entities to report information about their beneficial owners. The BOI report is designed to provide transparency about who owns and benefits from an LLC or Corporation […]

Understanding the New QuickBooks Desktop Policy Changes: What You Need to Know

QuickBooks Desktop Changes

Intuit’s Policy Update Intuit, the maker of QuickBooks Desktop and QuickBooks Online, recently announced significant changes to its QuickBooks Desktop software policy. The changes impact how users will access and use QuickBooks Desktop and could influence your decision on managing your accounting needs. Intuit will formally announce this change to retail customers in February 2024. […]