Shelly Kahrs CPA LLC

01/01/2026

To all of my business clients...go take a picture of your vehicle's odometer reading. And Happy New Year!!!!

03/03/2025

The Treasury Department announced on Sunday, March 2, 2025, that it will no longer enforce the Corporate Transparency Act or the associated Beneficial Ownership Information Reporting requirements.

02/25/2025

In response to a court ruling that reinstated BOI reporting requirements under the Transparency Act ( ), Financial Crimes Enforcement Network has extended the Beneficial Ownership Information ( ) reporting deadline by 30 days from February 19, 2025.

The new deadline to file initial, updated, or corrected BOI reports is March 21, 2025, for most. with previously granted later deadlines (e.g., disaster relief extensions) must follow those deadlines instead.

FinCEN plans to revise the BOI reporting rule to reduce burdens on low-risk entities, including many small businesses.

Read the full update here: https://ow.ly/p0qw50V32xO

01/29/2025

Watch out for the Phishy Phishers asking you to click to download Intuit Plugin Core 3.0 ........ the email is NOT from anyone at INTUIT.

Send a message to learn more

12/27/2024

BOI Reporting has been extended to Jan 13th, 2025. To file your beneficial ownership report (showing the beneficial owners of your business), go to the website below.

FinCEN has prepared the following Frequently Asked Questions (FAQs) in response to inquiries received relating to the Beneficial Ownership Information Reporting Rule and Beneficial Ownership Information Access and Safeguards Rule.

11/21/2024

St. Tammany Parish Personal Property Tax bills have been mailed (this is the tax on your business property). Please make sure to go online or send a check in for your property tax.

Using the tax assessment number from your notice, you can pay at

11/19/2024

There is a free webinar today for anyone needing information on BOI reporting.

Repost from my earlier post:
A reporting company created or registered to do business before January 1, 2024, will have until January 1, 2025 to file its initial beneficial ownership information report.
A reporting company created or registered on or after January 1, 2024, and before January 1, 2025, will have 90 calendar days after receiving notice of the company’s creation or registration to file its initial BOI report. This 90-calendar day deadline runs from the time the company receives actual notice that its creation or registration is effective, or after a secretary of state or similar office first provides public notice of its creation or registration, whichever is earlier.
Reporting companies created or registered on or after January 1, 2025, will have 30 calendar days from actual or public notice that the company’s creation or registration is effective to file their initial BOI reports with FinCEN.
The website for reporting is boiefiing.fincen.gov
You will need a copy of your ID (drivers license, state issued ID, etc) to upload to the report before report submission.
The link below has the Q&A information.

IR-2024-288, Nov. 12, 2024 — The Internal Revenue Service will sponsor a free one-hour webinar designed to help the many businesses that must report their beneficial ownership information to the Treasury Department’s Financial Crimes Enforcement Network.

10/05/2024

Friendly Reminder: Remember to make a date with yourself to update your mileage record........protect those tax deductions!

10/02/2024

For those who use QuickBooks to process their payroll...Starting January 2025, the amounts for tax liability will be deducted from your bank account per pay cycle regardless of how often you are required to make a federal or state payroll tax deposit.

From Intuit......

What’s changing?
Starting January 1, 2025, we’re changing how we handle automated taxes for customers who use this feature. Instead of withdrawing taxes when due, we'll withdraw them every time payroll is processed, and when there’s a change in what you owe.
What do I need to do?
For each jurisdiction you've fully set up for automated taxes, there’s nothing you need to do to continue having us pay and file your taxes automatically. To find out the status of your tax setup for each jurisdiction, check the Automated taxes widget on the Payroll Overview page.

If you want to turn off automated taxes, go to Payroll Settings and find Taxes and Forms. There you can turn off Automate taxes and forms. If you opt out of automated taxes, you will need to manually pay and file your payroll taxes by the respective deadlines.
What happens starting January 1, 2025?
• We’ll automatically withdraw payroll taxes from your bank account when payroll is processed, a past payroll is adjusted, a tax rate is updated, or any time you owe more in taxes.
• For tax periods ending before January 1, 2025 we'll withdraw payroll taxes when they become due.
• You authorize Intuit to hold onto the payroll tax funds until they are due to the relevant taxing authority, and you understand that no interest or earnings will accrue to you for any of the money held by Intuit.
• You can preview the withdrawal amount when running payroll. After your payroll is processed, we’ll email a receipt and post the amount in the Payroll tax center.
How might this help with my cash flow?
• Less effort to figure out what taxes you owe and when they’re withdrawn.
• Help you avoid missing payroll tax payments from not having enough funds set aside.

This is the video regarding payroll setup if anyone needs it:
/www.youtube.com/watch?v=T7jJuoQfSwI&list=PLVxBmyedTVhQ23eDITqNqXgcOqcrA7cou

Send a message to learn more

07/26/2024

BOI Reporting is now required for all businesses who organized/registered with the Secretary of State.

A reporting company created or registered to do business before January 1, 2024, will have until January 1, 2025 to file its initial beneficial ownership information report.

A reporting company created or registered on or after January 1, 2024, and before January 1, 2025, will have 90 calendar days after receiving notice of the company’s creation or registration to file its initial BOI report. This 90-calendar day deadline runs from the time the company receives actual notice that its creation or registration is effective, or after a secretary of state or similar office first provides public notice of its creation or registration, whichever is earlier.

Reporting companies created or registered on or after January 1, 2025, will have 30 calendar days from actual or public notice that the company’s creation or registration is effective to file their initial BOI reports with FinCEN.

The website for reporting is boiefiing.fincen.gov
You will need a copy of your ID (drivers license, state issued ID, etc) to upload to the report before report submission.
The link below has the Q&A information.

FinCEN has prepared the following Frequently Asked Questions (FAQs) in response to inquiries received relating to the Beneficial Ownership Information Reporting Rule and Beneficial Ownership Information Access and Safeguards Rule.