​WHITNAH CPA

 

The FinCEN BOI reporting requirements have permanently ended for U.S. companies and U.S. persons under the final rule effective August 14, 2026. FinCEN has finalized a major change to the Corporate Transparency Act’s Beneficial Ownership Information reporting requirements. Under a final rule effective August 14, 2026, U.S. companies and U.S. persons are permanently exempt from the federal BOI reporting requirements addressed by the rule. The final rule makes permanent exempti

The proposed IRS refundable tax credit rules could affect the refundable portion of several federal income tax credits. The IRS has issued proposed regulations that could affect the refundable portion of several federal income tax credits for individuals who do not meet the definition of a “qualified alien” under federal law. The proposal concerns the refundable portion of certain credits, including the Child Tax Credit, Earned Income Credit, American Opportunity Tax Credit,

Effective business management requires more than a good product or service. A successful company also needs clear goals, organized financial records, realistic planning, and consistent monitoring of its results. Business owners who understand their financial position are better prepared to control costs, respond to challenges, and make informed decisions. The following management practices can help business owners create a stronger financial foundation and operate with greate

Choosing a business entity is one of the most important decisions a business owner will make. The structure selected can affect federal and state taxation, personal liability, ownership requirements, administrative responsibilities, and the company’s ability to raise capital. There is no single entity that is appropriate for every business. The right choice depends on the owners, the nature of the business, its financial goals, and its plans for growth. Sole Proprietorship A

The One Big Beautiful Bill: How Overtime Pay Is Changing

As a CPA, my role is more than just preparing tax returns or crunching numbers. It’s about protecting my clients’ financial well-being...