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29 days left to file

Ready to File Your BOI Report?
You can submit your report on your own on the FinCEN website. https://www.fincen.gov

Key BOI reporting dates to be aware of:

- FinCEN began accepting BOI reports on January 1, 2024
- New businesses that are formed on or after January 1, 2024, must file within 90 days of business formation
- Existing businesses that were formed before January 1, 2024, must file before January 1, 2025
- New businesses that are formed on or after January 1, 2025, must file within 30 days of business formation

Need help filing your report? We can help. Simply give us a call at 915.300.9081 or send us an email of your request: [email protected].

Beneficial Information Report - $199 per entity filing

FinCEN.gov United States Department of the Treasury

During a recent lunch with a friend, I faced skepticism when I mentioned that filing the No Tax Due Report in Texas is no longer obligatory. To confirm, my friend called her tax professional, who, to our surprise, was unaware of this change and promised to investigate further.

This situation isn't uncommon for me; I regularly encounter clients who are misinformed or can't seem to get the answers they need. To address this issue, our firm places a high value on continuous education. We believe it's essential to keep up with the frequent law and regulation updates throughout the year, surpassing the minimum requirements for continuing education and communicating with our clients.

UPDATE - Texas Comptroller
Beginning with reports due in 2024, taxable entities with annualized total revenue less than or equal to the no tax due threshold are no longer required to file a No Tax Due Report but MUST file a Public/Ownership Information Report. The no tax due threshold is $2.47 million. If you exceed the threshold, you ARE REQUIRED to file your Franchise Tax report no later than May 15, 2024.

If you or someone you know needs assistance with this filing, give us a call at (915) 300-9081.

Call now to connect with business.

Receiving this thank-you card in the mail today fills me with immense gratitude. As someone with a passion for helping people, it warms my heart even more when a young adult acknowledges it. 🙏🏼

Are you aware of the new required filing?

FinCEN BOI Report
This reporting mandate begins January 1, 2024.

The Financial Crimes Enforcement Network (FinCEN) requires most corporations and LLCs to prepare and file a Beneficial Ownership Information (BOI) Report. Section 6403 of the Corporate Transparency Act requires key title holders with at least 25% ownership/control of the business to be reported. Exceptions apply. Please be advised that failure to file this report can result in fines up to $500 per day that the violation continues, or criminal penalties including imprisonment for up to two years and/or a fine up to $10,000. Senior officers of an entity that fail to file a required BOI report may be held accountable for that failure.

Key dates:

- New businesses that are formed on or after January 1, 2024, must file within 90 days of business formation
- Existing businesses that were formed before January 1, 2024, must file before January 1, 2025
- New businesses formed on or after January 1, 2025, must file within 30 days of business formation

Not sure if you need to file? Have more questions? We got you! Give us call at 915.300.9081.

Just a reminder of the IRS IR-2024_04 article post on January 8, 2024.

Under the federal Protecting Americans from Tax Hikes (PATH) Act, the IRS cannot issue Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) refunds before mid-February. Where's My Refund? should show an updated status by February 17 for most early EITC/ACTC filers. The IRS expects most EITC/ACTC related refunds to be available in taxpayer bank accounts or on debit cards by February 27 if they chose direct deposit and there are no other issues with their tax return.

Disbursements begin this week 🙃

It's possible to file a return for free by taking advantage of our referral program. 💰

It's Official! The IRS announced Monday, January 29, 2024 as the official start date of when the agency will begin accepting and processing 2023 tax returns.

Are you prepared? Have you ever been stuck trying to figure out a tough tax question?

Let us help make it easy for you. Call us, schedule an appointment or create an account on our online tax portal. Visit https://precisecount.biz/ to get started.

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