RPR Financial

11/20/2024

Job Opportunity: Full-Time Office Associate

RPR Financial is a rapidly growing CPA firm seeking a full-time office associate in our Chanute, KS office.

The details and responsibilities of the Chanute, KS position include:
- Requesting, scanning, and organizing information
- Data entry of tax information (training provided)
- Basic QuickBooks bookkeeping (training provided)
- Assistance with other office administrative tasks as needed
- Salary of $38,000 to $42,000 per year, DOE
- Ability for career growth and a good work-life balance: we work extra hours in tax season (January through April 15th) but then we enjoy 4-day workweeks (3-day weekends) for most of the rest of the year

Full details and application can be found here: https://www.indeed.com/job/office-associate-6b568c8556429432

Or, submit your resume and cover letter via email to: [email protected]

RPR Financial, P.A.

12/28/2023

Happy New Year from all of us at RPR Financial! A new year means changes. In this case, for any corporation, limited liability company (LLC), or any entity created by the filing of a document with a Secretary of State there is a new reporting requirement as of Jan. 1, 2024. Beneficial Ownership Information (BOI) is required to be reported to FinCEN.

FinCEN is a bureau of the U.S. Department of the Treasury. The Director of FinCEN is appointed by the Secretary of the Treasury and reports to the Treasury Under Secretary for Terrorism and Financial Intelligence. FinCEN’s mission is to safeguard the financial system from illicit use and combat money laundering and promote national security through the collection, analysis, and dissemination of financial intelligence and strategic use of financial authorities.

From their website: https://www.fincen.gov/boi-faqs

A. 1. What is beneficial ownership information?
Beneficial ownership information refers to identifying information about the individuals who directly or indirectly own or control a company.

A. 2. Why do companies have to report beneficial ownership information to the U.S. Department of the Treasury?
In 2021, Congress passed the Corporate Transparency Act on a bipartisan basis. This law creates a new beneficial ownership information reporting requirement as part of the U.S. government’s efforts to make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures.

Qualifying entities currently in existence (formed prior to 12/31/23) have until 1/1/2025 to file their report, which we can assist with those filings when we file Annual Reports.

However, any qualifying entity formed in 2024 will have 90 days to file their BOI report.

https://www.fincen.gov/boi

Starting January 1, 2024, many companies will be required to report information to the U.S. government about who ultimately owns and controls them.

09/11/2023

Q3 estimated tax payments are due before Friday, September 15:

IR-2023-165, Sept. 6, 2023 — The Internal Revenue Service is reminding taxpayers who pay estimated taxes that the deadline to submit their third quarter payment is Sept. 15, 2023.

06/28/2023

We are celebrating Brian's last full day with us after 38 years! For any of our client's and co-workers that got the privilege to work with Brian, you know he will be missed around here. Congratulations, Brian, enjoy your retirement!

06/23/2023

One of the things the 150th Committee is working on is sharing the history of Chanute. You'll see some of the stories during the July 1 Downtown Block Party and more will be presented during the rest of the year. For now, check out the history of this building located in the very heart of downtown that was recently wonderfully renovated by RPR Financial. Thank you to Cindy Dent for her research.

02/07/2023

𝐒𝐢𝐧𝐜𝐞 𝐦𝐚𝐧𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐭𝐚𝐱 𝐜𝐫𝐞𝐝𝐢𝐭𝐬 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐭𝐨 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐡𝐚𝐯𝐞 𝐞𝐱𝐩𝐢𝐫𝐞𝐝 𝐨𝐫 𝐡𝐚𝐯𝐞 𝐛𝐞𝐞𝐧 𝐫𝐞𝐝𝐮𝐜𝐞𝐝 𝐟𝐨𝐫 𝐭𝐚𝐱 𝐲𝐞𝐚𝐫 𝟐𝟎𝟐𝟐, 𝐦𝐨𝐬𝐭 𝐢𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐬 𝐰𝐢𝐥𝐥 𝐡𝐚𝐯𝐞 𝐬𝐦𝐚𝐥𝐥𝐞𝐫 𝐫𝐞𝐟𝐮𝐧𝐝𝐬 𝐨𝐫 𝐰𝐢𝐥𝐥 𝐨𝐰𝐞 𝐦𝐨𝐫𝐞 𝐭𝐚𝐱 𝐟𝐨𝐫 𝟐𝟎𝟐𝟐. 𝐍𝐨𝐰 𝐢𝐬 𝐚 𝐠𝐨𝐨𝐝 𝐭𝐢𝐦𝐞 𝐭𝐨 𝐮𝐭𝐢𝐥𝐢𝐳𝐞 𝐭𝐡𝐞 𝐈𝐑𝐒 𝐭𝐚𝐱 𝐰𝐢𝐭𝐡𝐡𝐨𝐥𝐝𝐢𝐧𝐠 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐨𝐫 𝐭𝐨 𝐩𝐫𝐞𝐯𝐞𝐧𝐭 𝐚𝐧𝐲 𝐬𝐡𝐨𝐫𝐭𝐟𝐚𝐥𝐥𝐬 𝐥𝐚𝐭𝐞𝐫 𝐢𝐧 𝐭𝐡𝐞 𝐲𝐞𝐚𝐫:

IR-2023-10, January 19, 2023 — The Internal Revenue Service reminds taxpayers who earn wages to use the Tax Withholding Estimator now to adjust their 2023 withholding.

01/21/2023

1099s are required to be issued to any non-corp vendors that were paid $600 or more for services, rents, any interest payments, or payments to attorneys. Payments made to vendors via credit card are not required to be reported on a 1099.

𝐍𝐨𝐧-𝐞𝐦𝐩𝐥𝐨𝐲𝐞𝐞 𝐜𝐨𝐦𝐩𝐞𝐧𝐬𝐚𝐭𝐢𝐨𝐧 𝟏𝟎𝟗𝟗𝐬 𝐚𝐫𝐞 𝐝𝐮𝐞 𝐚𝐭 𝐭𝐡𝐞 𝐞𝐧𝐝 𝐨𝐟 𝐉𝐚𝐧𝐮𝐚𝐫𝐲.

Let us know if you have questions or need us to prepare these for you or your business.

https://www.irs.gov/newsroom/mark-the-calendar-important-backup-withholding-deadlines #:~:text=Filing%20Due%20Date%20for%20Form%201099%2DNEC&text=The%20Form%201099%2DNEC%20must,Monday%2C%20January%2031%2C%202022.

01/09/2023

𝚃𝚑𝚒𝚜 𝚒𝚜 𝚊 𝚏𝚛𝚒𝚎𝚗𝚍𝚕𝚢 𝚛𝚎𝚖𝚒𝚗𝚍𝚎𝚛 𝚝𝚑𝚊𝚝 𝚀𝟺 𝟸𝟶𝟸𝟸 𝚚𝚞𝚊𝚛𝚝𝚎𝚛𝚕𝚢 𝚎𝚜𝚝𝚒𝚖𝚊𝚝𝚎𝚍 𝚝𝚊𝚡 𝚙𝚊𝚢𝚖𝚎𝚗𝚝𝚜 (𝚒𝚏 𝚊𝚙𝚙𝚕𝚒𝚌𝚊𝚋𝚕𝚎) 𝚊𝚛𝚎 𝚍𝚞𝚎 𝚋𝚢 𝟷/𝟷𝟽/𝟸𝟶𝟸𝟹.

IR-2023-01, January 4, 2023 — Many taxpayers make quarterly estimated tax payments during the year to stay current on their taxes, but many who should overlook this step. The Internal Revenue Service today urged those who paid too little tax in 2022 to make a fourth quarter payment on or before Ja...

12/23/2022

Not the news you want to hear around Christmas time, but please 𝐛𝐞 𝐚𝐰𝐚𝐫𝐞 𝐭𝐡𝐚𝐭 𝐦𝐚𝐧𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐭𝐚𝐱 𝐜𝐫𝐞𝐝𝐢𝐭𝐬 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐭𝐨 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐡𝐚𝐯𝐞 𝐞𝐱𝐩𝐢𝐫𝐞𝐝 𝐨𝐫 𝐡𝐚𝐯𝐞 𝐛𝐞𝐞𝐧 𝐫𝐞𝐝𝐮𝐜𝐞𝐝 𝐟𝐨𝐫 𝐭𝐚𝐱 𝐲𝐞𝐚𝐫 𝟐𝟎𝟐𝟐. 𝐌𝐨𝐬𝐭 𝐢𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐬 𝐰𝐢𝐥𝐥 𝐡𝐚𝐯𝐞 𝐬𝐦𝐚𝐥𝐥𝐞𝐫 𝐫𝐞𝐟𝐮𝐧𝐝𝐬 𝐨𝐫 𝐰𝐢𝐥𝐥 𝐨𝐰𝐞 𝐦𝐨𝐫𝐞 𝐭𝐚𝐱 𝐟𝐨𝐫 𝟐𝟎𝟐𝟐. Please plan accordingly.

From the IRS:
Some tax credits return to 2019 levels. This means that affected taxpayers will likely receive a significantly smaller refund compared with the previous tax year. Changes include amounts for the Child Tax Credit (CTC), Earned Income Tax Credit (EITC) and Child and Dependent Care Credit.

Those who got $3,600 per dependent in 2021 for the CTC will, if eligible, get $2,000 for the 2022 tax year.
For the EITC, eligible taxpayers with no children who received roughly $1,500 in 2021 will now get $500 in 2022.
The Child and Dependent Care Credit returns to a maximum of $2,100 in 2022 instead of $8,000 in 2021.

https://www.irs.gov/newsroom/get-ready-for-taxes-whats-new-and-what-to-consider-when-filing-in-2023 #:~:text=Some%20tax%20credits%20return%20to%202019%20levels.&text=For%20the%20EITC%2C%20eligible%20taxpayers,instead%20of%20%248%2C000%20in%202021.

09/09/2022

** 𝚁𝚎𝚖𝚒𝚗𝚍𝚎𝚛 (𝚏𝚘𝚛 𝚝𝚑𝚘𝚜𝚎 𝚠𝚑𝚘 𝚖𝚊𝚔𝚎 𝚎𝚜𝚝𝚒𝚖𝚊𝚝𝚎𝚍 𝚙𝚊𝚢𝚖𝚎𝚗𝚝𝚜): 𝚀𝟹 𝟸𝟶𝟸𝟸 𝚎𝚜𝚝𝚒𝚖𝚊𝚝𝚎𝚍 𝚒𝚗𝚌𝚘𝚖𝚎 𝚝𝚊𝚡 𝚙𝚊𝚢𝚖𝚎𝚗𝚝𝚜 𝚊𝚛𝚎 𝚍𝚞𝚎 𝚘𝚗 𝟿/𝟷𝟻/𝟸𝟸. **

08/01/2022

𝘋𝘪𝘥 𝘺𝘰𝘶 𝘬𝘯𝘰𝘸? 𝘠𝘰𝘶 𝘤𝘢𝘯 𝘱𝘶𝘳𝘤𝘩𝘢𝘴𝘦 𝘴𝘢𝘷𝘪𝘯𝘨𝘴 𝘣𝘰𝘯𝘥𝘴 𝘸𝘪𝘵𝘩 𝘺𝘰𝘶𝘳 𝘵𝘢𝘹 𝘳𝘦𝘧𝘶𝘯𝘥. 𝘛𝘩𝘦 𝘤𝘶𝘳𝘳𝘦𝘯𝘵 𝘳𝘢𝘵𝘦 (𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘖𝘤𝘵𝘰𝘣𝘦𝘳 2022) 𝘧𝘰𝘳 𝘵𝘩𝘰𝘴𝘦 𝘴𝘢𝘷𝘪𝘯𝘨𝘴 𝘣𝘰𝘯𝘥𝘴 𝘪𝘴 9.62%, 𝘸𝘩𝘪𝘤𝘩 𝘦𝘹𝘤𝘦𝘦𝘥𝘴 𝘵𝘩𝘦 𝘪𝘯𝘧𝘭𝘢𝘵𝘪𝘰𝘯 𝘳𝘢𝘵𝘦. 𝘐𝘧 𝘺𝘰𝘶’𝘷𝘦 𝘢𝘭𝘳𝘦𝘢𝘥𝘺 𝘳𝘦𝘤𝘦𝘪𝘷𝘦𝘥 𝘺𝘰𝘶𝘳 𝘳𝘦𝘧𝘶𝘯𝘥, 𝘺𝘰𝘶 𝘤𝘢𝘯 𝘴𝘵𝘪𝘭𝘭 𝘱𝘶𝘳𝘤𝘩𝘢𝘴𝘦 𝘵𝘩𝘦 𝘣𝘰𝘯𝘥𝘴 𝘢𝘵 treasurydirect.gov. 𝘍𝘪𝘯𝘥 𝘰𝘶𝘵 𝘢𝘭𝘭 𝘵𝘩𝘦 𝘥𝘦𝘵𝘢𝘪𝘭𝘴 𝘩𝘦𝘳𝘦:

https://www.irs.gov/refunds/using-your-income-tax-refund-to-save-by-buying-us-savings-bonds #:~:text=You%20can%20use%20all%20or,a%20checking%20or%20savings%20account.

06/07/2022

** 𝐑𝐄𝐌𝐈𝐍𝐃𝐄𝐑 (𝐟𝐨𝐫 𝐭𝐡𝐨𝐬𝐞 𝐰𝐡𝐨 𝐦𝐚𝐤𝐞 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬): 𝐐𝟐 𝟐𝟎𝟐𝟐 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐢𝐧𝐜𝐨𝐦𝐞 𝐭𝐚𝐱 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐚𝐫𝐞 𝐝𝐮𝐞 𝐧𝐞𝐱𝐭 𝐖𝐞𝐝𝐧𝐞𝐬𝐝𝐚𝐲, 𝟔/𝟏𝟓/𝟐𝟐. **

https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes