@MBSAccountancy

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

 Fresno, California
mbs.cpa/
Joined December 2010
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1.1KMedia
Smart planning takes place BEFORE December. Learn more here: thebusinessjournal.com/blog-… Thanks to The Business Journal for giving Cassidy Jakovickas, CPA the chance to educate #centralvalley #business owners!
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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: mbs.cpa/deducting-medical-ex…
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If you want to see more details, read our blog at the link below: mbs.cpa/boi-extension-hurric… #hurricanehelenevictims #hurricanemilton2024 #hurricanefrancine #HurricaneHelene #HurricaneMilton #HurricaneDebby2024 #hurricanberyl
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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.
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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.
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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.
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If you're interested, contact us at mbs.cpa! Stop going in circles—take action and start moving toward your business goals today.
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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.
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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!
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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
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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.
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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...
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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.
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“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 bit.ly/4emJHaI
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🎉 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!
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Here is how our CPA firm can help your #nonprofit if you already have in-house #Accounting personnel. Edie Daly, our Head of Controller and CFO services, explained it well in a recent post on LinkedIn Follow Edie on LinkedIn here: linkedin.com/in/ediedaly/
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Final regulation updates by IRS to required minimum distribution (RMD) rules: The 260 pages of final regulations (including explanations) adopt most of the regulations as proposed in 2022, including the regulations that address the distribution rules for inherited IRAs.
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The final regulations make clear that that this transitional relief did not extend the 10-year deadline. This means, for example, that accounts inherited from a decedent who passed away in 2020 must be fully distributed prior to 2031.
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Like and repost to share with others xitter.cf/MBSAccountancy/status/…
MBS Accountancy@MBSAccountancy19 Jul 2024
Final regulation updates by IRS to required minimum distribution (RMD) rules: The 260 pages of final regulations (including explanations) adopt most of the regulations as proposed in 2022, including the regulations that address the distribution rules for inherited IRAs.
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