So, it looks like the Treasury Department has nearly reached a “final” decision on BOI reporting… fingers crossed. And this latest update in the BOI reporting saga is actually good news for you. FinCEN is now no longer issuing any penalties for failing to make the previously set deadline of March 21st. Instead, the Treasury will propose […]
I won’t say I told you so, but I’m certainly thinking it: Beneficial Ownership Reporting requirements are back on as of last week. In the words of a friend of mine, “You’d think they were planning a trip to the Caribbean with the amount of flip-flops we’re seeing.” But you don’t have to start scrambling – […]
Admittedly, there’s a lot going on in the country right now. My encouragement: don’t let yourself get caught up in doomscrolling, echo chambers, or just watching the news round the clock. It’s good to be informed, but hypervigilance won’t help fix any problems. Yes, knowledge is power. But we can only handle so much on […]
Saving money isn’t a good priority in your business. I know, a shocking statement by any means, but especially in our current inflationary reality. But, here’s what I mean… If we’re speaking strictly in terms of getting your costs down, it’s understandable why you’d prioritize anything that gets you savings. When prices go up, you […]
At least for the moment, we can’t say our new president isn’t keeping his campaign promises. On February 4th, additional tariffs of 25 percent on goods from Mexico and Canada, and an additional 10 percent on goods from China will go into effect. Of course, the global effects of a shift like this are massive. But […]
There are so many deadlines and requirements for business owners to keep up with right now. I feel your pain. Are you doing okay with staying on top of them (or at least keeping your head above water)? Obviously, the big one happening right now is tax season. Which I would be remiss not to […]
Let’s take a moment to realize the ground you and I are standing on because it will be 28 years before we see another day like this. Not only was President Trump’s inauguration day this week, but Martin Luther King, Jr. Day was on the same day as well – an eclipse of events that’s […]
Before I start on business talk, I want to take a moment to offer my heartfelt condolences to those who’ve been devastated by the wildfires currently ravaging southern California. It’s truly unimaginable to have to face that kind of devastation. My thoughts and prayers go out to everyone experiencing heartbreaking loss during this time. When […]
We’ve made it to the 2024 finish line. For my final blog of the year, I want to focus on something that will help frame your mindset for 2025. But before I do, let me give you YET ANOTHER UPDATE on the ever-flip-flopping BOI reporting requirements. The BOI reporting deadline was declared null earlier this month […]
Trust, I would argue, is the most important pillar in my relationship with my Southwest Missouri clients. Your financials aren’t to be taken lightly. When it comes time to put them in someone else’s hands, you have to know that those hands won’t falter. And after the recent Bench Accounting closure, I wouldn’t blame you […]
