Identity Protection PIN Information An Identity Protection PIN (IP PIN) is a six-digit number from the IRS that provides extra protection against tax identity theft. If you, your spouse or dependent(s) have received one of these or you needed one to file your tax return last year, you can expect to receive a new one […]
Important Info and Upcoming Due Dates 2024-2025 Read More »
K1s, officially known as Schedule K-1 forms, play a crucial role in the realm of taxation for certain types of businesses and investments. Understanding K1s is vital for stakeholders in partnerships, S corporations, trusts, and estates. This guide will provide a clear, concise overview of what K1s are and why they matter. Understanding K1s Schedule
With Republican Donald Trump’s recent victory in the 2024 U.S. Presidential Election, significant changes to U.S. tax policy could be on the horizon. As the 47th President of the United States, Trump’s return to the White House signals a possible continuation and expansion of tax reforms initiated during his first term, notably the Tax Cuts
Post-Election Tax Update: What Happens Now? Read More »
In today’s business landscape, small and medium-sized companies often face financial challenges that require expert guidance. Hiring a full-time Chief Financial Officer (CFO) isn’t always practical due to budget limitations. Enter the Fractional CFO – an expert financial strategist and business thought partner who works alongside the owner on a part-time or project basis. But
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If you’ve recently come across the Corporate Activity Tax (CAT) on your invoice, you may be wondering what it is and why it’s there. Well, fear not– we’re here to help clarify that. What is the Corporate Activity Tax (CAT)? The Corporate Activity Tax, commonly known as CAT, is a tax levied on business activities
What is the Corporate Activity Tax (CAT) And Why Is It On My Invoice? Read More »
In today’s fast-paced business environment, efficient financial management is essential and QuickBooks Online (QBO) offers streamlined accounting processes. However, transitioning to QBO requires precision and expertise to avoid costly consequences. At Anthem, we want to emphasize the importance of consulting with a professional to ensure a seamless conversion or have them handle it for you.
As a small business owner, staying on top of your tax obligations is crucial. Knowing how to make a payment to the IRS (Internal Revenue Service) or the ODR (Oregon Department of Revenue) efficiently can save you time and stress. Here’s a quick guide to help you navigate the process. Making a Payment to the
How Do I Make a Payment to the IRS or ODR? Read More »
Why does BOI Reporting Matter? This new requirement is both significant and broadly applicable to our clients with substantial penalties for non-compliance. We estimate that in our firm’s client base, there are likely between 1000-1500 BOI reporting requirements alone. While the reporting itself is not complex, the specific guideline around this new process is nuanced.
When they think about working with an accountant, most small business owners think about taxes. But accountants provide a host of more comprehensive and helpful services than just tax preparation. One of the most helpful of these services is financial statement preparation and analysis. Accountants offer three levels of service in the preparation and analysis
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A business valuation is a way to determine the economic value of a company, which could be useful in several situations. For example: You may need to sell the business due to retirement, health, divorce, or for family reasons. You may need debt or equity financing for expansion or due to cash flow problems, in
3 Business Valuation Methods-How to Determine What a Company Is Worth Read More »
