A new reporting requirement for businesses, The Corporate Transparency Act, is officially in place with the potential for very high penalties. Do not ignore this legislative change—meet with your legal advisors as soon as possible to develop an action plan for the Beneficial Owner Information Reporting. This is part of the federal government’s anti-money laundering…
Details
We are pleased to announce that Wiebe Hinton Hambalek, LLP has successfully completed its recent Peer Review process with the utmost distinction, receiving the highest level of commendation from the American Institute of Certified Public Accountants (AICPA). This accomplishment is a testament to our unwavering commitment to excellence and adherence to the highest standards of…
Details
Published: October 16, 2023 November 16th New Tax Deadline For California Storm Counties On Monday, October 16th the IRS announced a further extension of time to November 16th for most California individual and business taxpayers. This is an automatic filing and payment penalty relief–you do not need to do anything to take advantage. The details…
Details
If you are looking to take a few extra steps in order to prevent internal accounting fraud, then you may want to try dividing up tasks. First of all, accounting fraud can happen to anyone–even business owners who are smart, actively involved, and meticulous. Therefore, if it can happen to them, it can definitely happen…
Details
Updated March 29, 2023 Do 1031 exchange dates qualify for disaster relief date extensions? The recent IRS announcement providing disaster relief for California residents in Affected Counties automatically extends certain due dates for 1031 exchanges to as late as October 16th, 2023. Any business or individual taxpayer that resides in an Affected County would qualify,…
Details
Published: February 27, 2023. Updated April 11, 2023. October 16th New Tax Deadline For California Storm Counties On Friday, February 24th the IRS announced a further extension of time to October 16th (official announcement on IRS site here) for most California individual and business taxpayers to: File income tax returns Make income tax payments, including…
Details