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 [...]
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 [...]
Updated 4/15/2020 11:00 AM AZ time Stimulus Checks On Friday the CARES Act was signed into law and one of its provisions allows individuals to receive one time stimulus checks. The Treasury Department has said that they will issue these checks starting today. Starting today the IRS has an online tool to check the [...]
The following information is very new and constantly changing but we wanted to provide it to you as quickly as we could. Please note the date of the post and recognize that each business is different in how this will or will not apply to them. We may not have the answers to all [...]
The IRS has changed the tax deadline to now be July 15, 2020. This means that tax returns do not need to be submitted and payments do not need to be made until July 15th. We encourage you to still file as soon as you can. If you owe you can still wait to [...]
The following information is very new and constantly changing but we wanted to provide it to you as quickly as we could. Please note the date of the post and recognize that each business is different in how this will or will not apply to them. We may not have the answers to all [...]
