2024 Tax Planning Letter Dear Clients and Friends,As we approach the end of another successful year, it's the perfect time to reflect on your tax situation for 2024 and start planning for 2025. Now is the moment to tie up any loose ends and implement effective tax-saving strategies to help [...]
This email was sent on July 8, 2024 to all Fox Peterson business clients.Happy summer to you, I hope that you are doing ok and can escape the summer heat. We wanted to send out another update related to the Corporate Transparency Act and the court case that is ongoing. We sent out prior [...]
This email was sent on 3/4/2024 to all business clients of Fox PetersonI hope this email finds you well. I am reaching out to provide you with an important update that could impact your business operations related to the Corporate Transparency Act.On Friday, March 1, 2024, the US District Court for the District of [...]
This email was sent on 1/25/2024 to all business clients of Fox Peterson.Happy New Year and we hope 2024 will be a great year for you. With another new year comes another requirement from the government. Starting this year, pretty much every small business will have to file a new report to the Financial [...]
What is it?On September 30, 2022 the US Treasury’s Financial Crimes Enforcement Network(FinCEN) issued final rules requiring beneficial ownership reporting, particularly for smallbusiness. The rule requires reporting companies to file reports with FinCEN thatidentify two categories of individuals: (1) the beneficial owners of the entity; and (2)the company applicants of the entity. This rule [...]
Year-End 2023Dear Clients and Friends,What a wonderful year it has been. With it coming to a close, it is extremely important to analyze your taxes for 2023 and prepare for 2024. This is the time of year to tie up the loose ends and implement tax-saving strategies to avoid any surprises on April 15th. [...]
Below is a post created and written by Matt Benson with Sonmore Financial.As the year end closes in, it brings several financial decisions to consider along with it. These decisions impact tax years 2022 and 2023 and vary based on the stage of life you may be in. Those who are working professionals typically [...]
NOTE: This newsletter is issued annually to provide you with information about preparing for and minimizing your taxes. Do not apply this general information to your specific situation without additional details. Be aware that the tax laws contain varying effective dates and numerous limitations and exceptions that cannot be summarized easily. For details and [...]
Investing when times are good is by and large simple. Investing when times are bad takes strategic discipline. Here’s a guest article by Matthew Benson, Owner of Sonmore Financial in Chandler, Arizona, and a Certified Financial Planner™ serving Arizona’s retirees and pre-retirees, aerospace business executives, and East Valley technology professionals. Matt specializes in tax-efficient [...]
This information is constantly changing. We will update it as we can. Please make sure to review the PPP loan under the SBA loan section below. It is something that most of our clients could and should take advantage of. Employee Retention Credit Qualifying employers can take a tax credit equal to 50% of [...]
