Alpine Summit CPAs

ATTENTION ALL MEMBERS OF LLCs, LPs, LLPs, CORPORATIONS OR ANY TYPE OF SIMILAR ENTITY:

FinCEN BOI reporting is a NEW mandatory business filing requiring most U.S. companies to submit their beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN) in 2024. This requirement comes from a new law called the Corporate Transparency Act (“CTA”) that was passed to enhance the government's efforts to combat money laundering, terrorist financing, and other financial crimes. This reporting requirement started in 2024, and it is enforced by potential penalties including fines of $500 per day of noncompliance, up to $10,000.

If you feel comfortable with the process, you may choose to file the beneficial ownership information on your own. However, if you would prefer professional assistance, we are here to help. Alpine Summit can file your BOI for a fee, which varies based on the size of the entity.

If you'd like more information on our filing service, email [email protected]. More information on BOI can be found here: https://www.fincen.gov/boi

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All's the same, except the name! What do we mean by that? Anderson Bros. CPAs are changing our name to Alpine Summit CPAs! Same owners, same team, same excellent service, new name!

Anderson Bros. CPAs are proud to announce our very own, Toni Hackwith, has been appointed to the Idaho State Board of Accountancy by Governor, Brad Little! Congratulations Toni!!

Attention parents with school aged kids — Apply ASAP if your family qualifies!

The Strong Families, Strong Students website is now live! Idaho families are now able to apply for federal coronavirus relief funds to assist with their children’s education on the State Board of Education’s Strong Families, Strong Students website: https://www.strongfamilies.idaho.gov

Each eligible family can receive $1,500 per school age student, up to a maximum award of $3,500 per family.

The funds can be used to make purchases on the Strong Families, Strong Students online marketplace for such things as computer hardware, software, and other devices including adaptive learning technology, internet connectivity, instructional materials, and fees for courses, tutoring services, educational services and therapies, and licensed daycare during work hours.

Enrollment will be open from October 21, 2020 to December 8, 2020. Awards will be issued first on economic need and then on a first come, first serve basis.

Questions can directed to [email protected]

Don't panic! You're PPP forgiveness application due date is NOT October 31.

SBA settles confusion over PPP forgiveness application due date Fears of a late-October PPP surprise came to the SBA’s attention because the program’s loan forgiveness application forms display an expiration date of “10/31/2020” in the upper-right corner.

Idaho is offering grants to small businesses and to the self-employed. Give us a call if you have questions!

Idaho Rebound Cash Grants for Small Businesses - Idaho Rebounds: Our Path to Prosperity Idaho small businesses are the lifeblood of our communities and the backbone of our state’s economy. However, the ongoing COVID-19 outbreak has forced widespread closures of small businesses across the […]