Quality Accounting Services

THREE YEARS IN A ROW!!

Thank you to all of our clients who voted for us as the BEST accounting firm in the Cedar Valley! We are honored to receive such an award, especially for the third year in a row!

Big news out of Washington DC yesterday regarding the Beneficial Ownership Reporting Requirements.

FinCEN Permanently Ends Beneficial Ownership Reporting Requirements for Millions of Small Business Owners Will Delete Information Previously Reported by U.S. PersonsWASHINGTON––Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is issuing a final rule that permanently removes the requirement for U.S. companies and U.S. persons to report beneficial ownership ...

We are about a week into voting for the 2026 Best of the Best contest! You will find our firm in the "Accountant" category! You can vote for your favorite businesses once a day until August 2nd!

https://thecourier.secondstreetapp.com/2026-Waterloo-Best-of-The-Best---Voting/gallery?group=553630

Do you track mileage for your self-employment? If so, this is an important message for you! The IRS has just announced that we will have another split year for the standard mileage rate. They have increased the rate for business miles from $0.725/mile (Jan - June) to $0.76/mile (July - Dec)! Make sure your mileage logs (or tracking apps like MileIQ) are accurate and up to date, so tax time is a breeze!

We made the top 5!! The "Best of the Best" contest has now entered the voting stage, where you can vote for your favorite businesses once a day. If you feel so inclined, please head to the following link and vote for Quality Accounting Services in the Accountant category!

https://thecourier.secondstreetapp.com/2026-Waterloo-Best-of-The-Best---Voting/gallery?group=553630

It's that time of year again! The Courier's "Best of the Best" contest has begun! In this first stage, you simply "nominate" the business that you think is the best of the best in that industry. The nomination stage is a one-time thing and the 5 businesses that receive the most nominations make it to the voting round.

Please take a few minutes out of your day and nominate Quality Accounting Services as the best accountant! We are trying to win this award for the THIRD year in a row!

Thank you!

https://thecourier.secondstreetapp.com/2026-Waterloo---Best-of-the-Best/gallery/?group=544747

We have seen a bunch of these notices from our clients. This article provides a great summary of the matter!

CP53E notice tied to paper-check transition causes confusion Taxpayers and practitioners are unsure whether the CP53E notices they have received are scams or simply sent in error, a confusion heightened by the inclusion of a QR code.