Game On: The tax Cuts and Jobs Act (TCJA) and Its Impact on Your Taxes

The Tax Cuts and Jobs Act (TCJA) has shaped the U.S. tax system for nearly seven years, influencing how businesses and individuals manage their taxes. With key provisions set to expir…

The FinCen BOIR (Beneficial Ownership Information Reporting) deadline is right around the corner, and missing it could lead to civil penalties of up to $591 per day, criminal fines up to $10,000, and even up to 2 years in prison.

What is FinCen BOIR?…

Fractional CFO services offer part-time or as-needed financial leadership for businesses that may not require a full-time CFO. Here are some examples of services provided under this model:

1. Financial Strategy & Planning: A fractional CFO helps in deve…

Dear Client:

If you’ve recently been billed by the IRS with the claim that you owe a penalty for late filing, late payment, or missed employment tax deposits, I urge you to pause before making any payment. You may not have to pay that penalty at all.

The…

The Foreign Earned Income Exclusion (FEIE) is a lifesaver for U.S. expats, letting you exclude up to $120,000 of foreign-earned income from your U.S. taxes in 2023. If you qualify through either the Bona Fide Residence Test (living abroad for a full tax …

The clock continues to tick. Here are the upcoming deadlines for filing your Business Ownership Information (BOI) reports with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN).

Deadlines

If your business existed as of J…

Posted on June 06th, 2023.

In the complex world of finance, ensuring the financial health and success of your business requires expertise and precision. That's where Certified Public Accountants (CPAs) come in. As the owners of Taxhauz LLC, a nationwide…

Posted on June 07th, 2023.

Tax season can be a stressful and overwhelming time for individuals and businesses alike. The complexities of tax laws and regulations can leave many feeling lost and uncertain. That's where professional accountants step in. A…