Dianna G. Bashaw Certified Public Accountant

01/14/2025

https://www.investopedia.com/articles/pf/12/roth-ira.asp

Here is a step-by-step guide for converting a nondeductible IRA to a Roth IRA and calculating how much you will have to pay in taxes.

12/26/2024

Fifth Circuit Appeals Court Reinstates BOI Reporting for Small Businesses
December 23, 2024

PRESS RELEASE
Court of Appeals overturns the order blocking enforcement of Beneficial Ownership Information reporting requirements
WASHINGTON, D.C. (Dec. 23, 2024) – The National Federation of Independent Business (NFIB) is extremely disappointed by today’s decision in the U.S. Court of Appeals for the Fifth Circuit in NFIB’s lawsuit challenging the Corporate Transparency Act (CTA), Texas Top Cop Shop, Inc., et al. v. Garland, et al. Earlier this month, the U.S. District Court for the Eastern District of Texas granted a nationwide preliminary injunction in the case, which prevented the U.S. Department of Treasury from enforcing the CTA. Today’s decision nullifying that injunction allows the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) to enforce the CTA and its beneficial ownership information (BOI) reporting requirements while our lawsuit proceeds.

“Because of this decision, small business owners must scramble to meet the reporting requirements of this egregious statute. Enforcing a Jan. 1 deadline for compliance will mean massive chaos for our nation’s small businesses,” said Beth Milito, Executive Director of NFIB’s Small Business Legal Center. “The district court, in granting the preliminary injunction, rightly recognized that the BOI reporting requirements would have devastating consequences for small business owners. Make no mistake, NFIB is already working to quickly appeal this terrible decision and provide our Main Streets with a reprieve from this harmful mandate.”

More than 32 million small businesses throughout the country will once again be subjected to this burdensome statute, including the nearly 300,000 NFIB member businesses represented in this lawsuit. NFIB supports the Repealing Big Brother Overreach Act, legislation that would repeal the CTA and permanently relieve small businesses of the beneficial ownership requirements.

The NFIB Small Business Legal Center protects the rights of small business owners in the nation’s courts. NFIB is currently active in more than 40 cases in federal and state courts across the country and in the U.S. Supreme Court.

09/22/2023

CT Corporation looks into how small businesses are affected by Corporate Transparency Act and Beneficial Ownership Information Reporting.

07/01/2023

03/30/2023

With integrity you have nothing to fear,
since you have nothing to hide. With integrity you will do the right thing, so you will have no guilt. With fear and guilt removed you are free to be and do your best.

03/20/2023

Some pastors have access to a 403(b) and can choose between a Roth and traditional account. Pastors should opt for the traditional account and this is why.

12/16/2022

A good reminder.

In the wake of Hurricane Ian, the FBI is warning the public to be wary of charity fraud, which increases after natural disasters.

08/15/2022

https://www.irs.gov/newsroom/irs-announces-interest-rate-increases-for-the-fourth-quarter-of-2022-6-rate-applies-to-most-taxpayers-starting-oct-1

IR-2022-150, August 15, 2022— The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning October 1, 2022.