MBS Accountancy

Modern accounting firm • @forbes Top Firm 2021, 2022, 2023 • 2021 Best Firm For Tech @AccountingToday

[MBS Accountancy @MBSAccountancy]

@JWellsTax Speaking of… 😊

Source: https://t.co/ZmUZc8Qn5Z

[MBS Accountancy @MBSAccountancy]

@AICPA From the link -> Jan 13 2025 is new deadline for most businesses

[MBS Accountancy @MBSAccountancy]

Smart planning takes place BEFORE December.

Learn more here: https://t.co/NrqKjwpFPw

Thanks to The Business Journal for giving Cassidy Jakovickas, CPA the chance to educate #centralvalley #business owners!

[MBS Accountancy @MBSAccountancy]

You may be able to include a part of a life care fee or founder's fee (aka, entrance fee) in your medical costs that you pay either monthly or as a lump sum under an agreement with a continuing care retirement community.

We cover more details here: https://t.co/cRwNAbYZZd

[MBS Accountancy @MBSAccountancy]

If you want to see more details, read our blog at the link below: https://t.co/S1xImTeJoc

#hurricanehelenevictims #hurricanemilton2024
#hurricanefrancine #HurricaneHelene #HurricaneMilton #HurricaneDebby2024 #hurricanberyl

[MBS Accountancy @MBSAccountancy]

Waiting until tax season often results in rushed decisions, missed opportunities, and potential errors. We encourage you to talk with a tax professional this month or in NOV so you’re in the best tax position during the upcoming tax season.

[MBS Accountancy @MBSAccountancy]

If you're interested, contact us at https://t.co/f3FHXba73s! Stop going in circles—take action and start moving toward your business goals today.

[MBS Accountancy @MBSAccountancy]

Is your accounting team so bogged down with daily tasks that there's no time for long-term planning?

Like the Groundhog Day movie, you're stuck in "groundhog accounting," where each day is filled with routine accounting tasks but makes no progress toward your financial goals.

[MBS Accountancy @MBSAccountancy]

It's a recipe for stalled business growth and constant stress. We can help you break out of this vicious cycle by providing strategic direction, guidance, and advisory for your accounting team as part of our CFO/controller services.

[MBS Accountancy @MBSAccountancy]

The earlier you contact us (or any CPA) for BOI services, the better. There is a lot of admin work that is involved.

This is NOT something you want to wait until the last minute for...that $500 fine/day will add up quickly.

If you need help with #BOIreporting, contact us!

[MBS Accountancy @MBSAccountancy]

You must also submit amendments to FinCEN within 30 days from the date this information changes. We're helping clients with their BOI reporting compliance so they're ready by the deadline.

[MBS Accountancy @MBSAccountancy]

You're required to submit the following for each beneficial owner in your entity:
• Owner’s legal name
• Residential address
• Date of birth
• Unique identifier number from a non-expired passport, driver’s license, state identification card

[MBS Accountancy @MBSAccountancy]

Effective January 1, 2024, any businesses formed in or after 2024 must file a BOI report within 90 days. Businesses that existed before January 2024 have until January 1, 2025, to submit their BOI report.

Non-compliance penalties are $500 each day the violation continues...

[MBS Accountancy @MBSAccountancy]

FinCEN estimates it will take roughly 3 hours to prepare and submit a beneficial ownership information (BOI) report for each entity. This does not include time spent on updates for information changes.

[MBS Accountancy @MBSAccountancy]

In case you don't know, the Financial Crimes Enforcement Network (FinCEN) is introducing new reporting requirements as part of the 2019 Corporate Transparency Act to combat money laundering.

[Accounting Today @AccountingToday]

“The advisory nature of our services demands a level of human interaction that can never be replaced with any dashboard or stale, impersonal chatbot conversation,” said Adolfo Marquez, marketing manager for @MBSAccountancy #artificialintelligence https://t.co/mlZkysrTpm

[MBS Accountancy @MBSAccountancy]

@jakovickas, Nicholas Thompson, Riccardo Vallejo, and Victor Godinez, CPA had a great time at @Cal_CPA Fresno Chapter's Student Night!

[MBS Accountancy @MBSAccountancy]

🎉 Help us welcome Madison Birdsell to our team!! 🎉 As one of our accountants, Madison is helping us handle our clients' bookkeeping needs and also preparing tax returns. Her self-motivation, discipline, and confidence make her a great fit for our team!

[MBS Accountancy @MBSAccountancy]

@MikeSyl36625988 We already follow each other so just dropping this 😌