Happy Easter! As another tax season has come to a close, we want to take a moment to say a heartfelt thank you for choosing to work with us this year! For those that have extended, we are continuing to work diligently to finish your projects. It is a true honor to be trusted
The BOIR Filing Deadline Has Been Reinstated and Moved Again For months, business owners have been left wondering if the Corporate Transparency Act’s (CTA) new reporting requirements would be implemented. Specifically, the requirements regarding beneficial owner information reports (BOIRs). The original deadline for BOIRs was December 31, 2024, but court actions have delayed that
Corporate Transparency Act & BOI Reporting Update The Corporate Transparency Act (CTA) and Beneficial Ownership Information (BOI) Reporting requirements are back on after a temporary halt. However, the reporting is currently voluntary as the 5th Circuit Court considers its constitutionality. Businesses should prepare to comply with BOI reporting in case the ruling upholds the
The Corporate Transparency Act Has Been Halted: Decision Time is Now for BOIR Filing Just weeks before the Corporate Transparency Act (CTA) and its associated reporting requirements were set to be due at year end, a US District Court in Texas has issued an injunction against the CTA. The immediate effect is to invalidate
Thank You for Your Business and Your Trust! During this time of the year, we tend to focus on what we are thankful for, and the Evident Pros team would like to extend a thank you to all of our clients. Your trust and support make our operations possible, and we’re looking forward to
Have you Filed your BOI? The Deadline is Quickly Approaching! Contact us TODAY if you Need us to Help. (713) 878-4357 In accordance with the Corporate Transparency Act – which went into effect on January 1, 2024 – many business entities are required to file a Beneficial Owner Information (BOI) report with the Financial
Building a Strong Culture A strong company culture will improve a company’s business reputation among customers and stakeholders, including employees. Though difficult to quantify and predict, a strong company culture can lead to better employee retention and productivity. There is an established formula to improving a company’s culture that is simple enough for any
Education Savings Plan Planning and saving for higher education can be daunting for many families given the rising cost of college. According to The College Board, the average per year cost of an in-state public university is $28,840. That’s more than $100,000 for a typical four-year education. However, there are tools available to families
How to Start a Business No two businesses follow the exact same path from start to launch. However, the following steps are important considerations when determining how to start a business: Developing a business concept Performing market and competitor analysis Securing funding for the business Choosing an entity structure Establishing bank accounts for the
If you’ve entered early retirement, drawing from retirement accounts such as IRAs, 401(k)s or 403(b)s may be your best option to maintain a steady income. However, there are tax and penalty considerations to be aware of before making early withdrawals. We’ll present those considerations here, along with a tax planning technique that can minimize
