Simply Blue Accounting LLC

Voting starts today!
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I feel a little called out with the wrinkles BUT sure could use that extra arm! Other than that, spot on!

It's that time of year where people start to realize the year went quicker than they thought, their books are no where near ready for tax time and they panic. No need to freak out or lose sleep over it, this is what I love to do! I am going to open up client consult/applications. The number of clients I take will be dependent on the size of businesses that reach out. Reminder, I help all US clients, you do not have to be local. (more info in comments)

❌❌❌Florida Clients❌❌❌
Today is the last day to file your Annual Report with Sunbiz! If this is not done by midnight there is a $400 late fee!

⏰ Don’t miss the new deadlines—here’s what you need to know!

Following a December 23, 2024, federal Court of Appeals decision, reporting entities are once again REQUIRED to file beneficial ownership information with FinCEN.

However, recognizing that the previous injunction may have impacted companies’ ability to meet the original deadline, the Department of the Treasury has extended the reporting deadline as follows.

Businesses can submit their BOI reports electronically for free through FinCEN's BOI E-Filing system, which is accessible at https://boiefiling.fincen.gov/

Have questions? Drop them below!

I get asked this a lot so I thought I would share again. Reminder: if you are paying a contractor ALWAYS get a signed W9 before issuing payment.

On December 3, 2024, a federal district court in Texas issued a nationwide preliminary injunction that temporarily halts enforcement of the CTA and its beneficial ownership information (BOI) reporting requirements.

Here’s what this means:

👉 The January 1, 2025, deadline for submitting initial BOI reports is currently on hold.

👉 Companies are not required to report BOI to FinCEN while this injunction is in effect.

👉 There will be no penalties for failing to submit BOI reports during this time.

FinCEN has also clarified that companies may still voluntarily submit their BOI reports.

It’s worth noting that the Department of Justice has filed an appeal, and the situation could change quickly.

To avoid potential last-minute challenges if enforcement resumes, it’s a good idea to prepare your documents and forms now.

This way, your business will be ready to comply without scrambling to meet deadlines.

For more details, read here: https://fincen.gov/boi

Oh Ryder, always playing when you’re on the clock!