Tag: BOI Reporting

Weekly Takeaway: Stay abreast of the tax laws, even when you are “knee deep” in tax season; be informed and keep your staff, clients, and other tax professionals informed of the latest developments.  They may roll their eyes, but they can as they are well informed of the law and developments surrounding filing requirements.  Rolling 🙄your eyes is a luxury as compared to panic and sleepless nights 😥when you are…  Read more

Weekly Takeaway:  No good deed… I know we tax and accounting professionals need to stay updated but I am NOT looking to get whiplash.  Beneficial Ownership Information (BOI) reporting news has come in fast and slow over the past months; we and our clients are questioning “what do we have to do now” and “what is the actual deadline” .  I am glad that my firm has been proactive, keeping…  Read more

Whoa, BOI…Oh NO Here We Go Again… Beneficial Ownership Information (BOI) reporting requirements are covered in the Corporate Transparency Act (CTA); P.L. 116-283. FinCEN has estimated that 32 million small businesses would have to file BOI reports. BOI in the BOX I was all set to schedule my post about Tax Strategies for Financial Growth and Quality of Life, when we received news that the Supreme Court has lifted the…  Read more

How great to have an overlap of Christmas and Hanukah this week. It seems like almost everyone is celebrating with friends and family.  Decorating their homes, lighting the menorah and Christmas tree and cooking up a storm. I love seeing and sharing holiday photos along with my usual sunrises on the beach(working from West Coast to the East and South to North-I think I got it right)… Christmas in Southern…  Read more

It’s been another jam-packed week as we head for the new year. Our office is continuing to work on tax minimization plans, help determine bonus payments, and calculate estimated tax payments as we navigate the ever-changing Beneficial Ownership Information (BOI) landscape.  Although I love walking on the beach in the morning I was really glad it was raining Monday enabling me to sleep in.  I am happy to share some…  Read more

I love the holidays, it’s great to visit friends and family and then arrive home with a day or 2 to settle in before jumping back into work.  This year we pushed visiting time to the max giving us little time to settle in, but we wanted to squeeze every possible second in during our visits.  Although we missed seeing and visiting with Jessie’s good friends who are her California…  Read more

What a difference a week makes; last week at this time we were traveling to MI for a long weekend visit with my daughter Emily, son-in-law Jeff and grand-dog Rory. I took this shot of sunrise over Jamaica Bay as we waited for take off… Sunrise Friday Over Jamaica Bay were able to hike on some local trails, our flights were delay free AND the sunrises over the lake were…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. My bags really are packed and include a special squeaky toy” for my grand-dog Rory; we certainly want to make sure he is happy to see us and candy is a no-no.  As we head to Michigan for a long weekend visit we are thrilled that the weather there…  Read more

Sending best wishes and our thanks to our veterans and their families this Veterans day 2024.  We salute you and appreciate your courage and service to our country. Thank You Veterans We are still working on our website update and now have a topic search tool (find it along the top bar and in each tab as well↘️⬇️↙️).  I tested it looking for information on Beneficial Ownership Information (BOI) Reporting,…  Read more

Is it really mid-August already with summer in full swing?  For me, several planned vacations have come and gone with more on the horizon, gardens are blooming, parents are busy planning for summer camp to end soon and families are focusing on preparing for “back to school” season as well.  I am glad that my family has more planned vacations and get togethers, the next few will be here in…  Read more

Like the song: “It’s summertime and the living is easy…” I’m not singing, but I am finally feeling like its summer!  Without the pressure of tax deadlines, I actually enjoy coming to work.  The longer daylight hours make it easy for me to “putter” in my garden a bit before going to the office. During our weekly huddle we continue to share stories of recent social events and plans for…  Read more

I know where I was 37 years ago today; Happy Birthday Jessie🎂; I already texted her birthday wishes from the beach this morning along with a sunrise photo. She had great timing back then too; we had a very special Father’s Day 🕺🏼gift🎁👼🏼 and good reason to celebrate🎆.  This week I have been “sleeping in” a bit and using my walks to add some strength and stretching to my morning…  Read more

It’s Friday morning and I am just back from the beach, where at last the sun was actually visible! It’s positive thoughts that help me through these long days of tax season and starting my day at the beach certainly helps set the pace for the day… Friday Morning & Here’s the Sun at Last In Rockaway we celebrate St. Patrick’s Day early, this year it was Saturday March 1st,…  Read more

Welcome to March and the count down to spring, hard to believe when we were building snowmen ⛄ just last week.  We at A. Parness Company CPA are deep into tax season 2024, with several tax deadlines happening March 15, which when necessary, may be extended until September.  During our exit appointments we get many similar questions, today I am focusing on “working dogs”.  I am picturing farm dogs herding…  Read more

A BIG Good Morning 🌅 and welcome to 2024🥂🍾🥳🎇, I am happy to repeat the sentiment we have been hearing and repeating over the last few days “Best Wishes For A Happy Healthy New Year for You and Your Friends and Family”; I for one will continue to wish everyone a good day.   This week when speaking with my daughter we talked about the holiday meals and visits we had…  Read more

Sending best wishes and our thanks to our veterans and their families this Veteran’s day 2023.  We salute you and appreciate your courage and service to our country. Thank You Veterans I am loving the beautiful photos that I have been receiving and am happy to share.  This is an actual photo from my friend Renee’s back porch (she is a show off)… Fall Sunrise Weaverville, North Carolina Added benefit when…  Read more