Season 4 · Episode 106
Episode 106: Beneficial Ownership Reporting Update
Accounting and Accountability · Faw Casson CPAs
December 14, 202434m 1s
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Show Notes
In this episode:
- Update to the FinCEN Beneficial Ownership Reporting deadline.
- Catch-up contributions are available for retirement plans for limited age groups.
- Some Employee Retention Credits are still not processed.
- New lines will be on individual tax returns for cryptocurrency and 1099K reporting of digital assets.
- Delaware Lodging Tax starts in 2025.
We also hear from Tim Jones, owner of Resort Palms in Maryland. Tim tells us about the magic of being in the right place at the right time, understand your business goals and setting yourself up for success, and how to plan for the future. Find Resort Palms on their website https://resortpalms.com/ or Facebook page to add tropical ambience to any outdoor setting.