A+P Tax Saving Strategies
Strategic tax planning helps you understand and take advantage of tax-saving opportunities throughout the year. We work to create a plan that aligns with your financial goals and maximizes deductions and credits.
Read More →SALT Instructions
Instructions to file a Utah SALT (State and Local Tax) Report and make a State tax payment.
Read More →Year-End Beneficial Ownership Information (BOI) Reporting Update
There has been significant confusion regarding what happened during December 2024 regarding the Beneficial Ownership Information (BOI) reporting requirements of the Corporate Transparency Act’s (CTA). Here is a breakdown of recent actions regarding the BOI reporting requirements: The final court ruling on this matter is anticipated in the coming months. Given the ongoing legal proceedings, […]
Read More →Beneficial Ownership Information (BOI) Reporting Update
On Tuesday, December 3, 2024, a federal district court found that the Corporate Transparency Act (CTA) is likely unconstitutional. An order was issued prohibiting the enforcement of the CTA and the Beneficial Ownership Filing Requirements. Describing the CTA as “quasi-Orwellian,” the court stated that the legislation is “likely unconstitutional as outside of Congress’s power.” according […]
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Beneficial Ownership Information (BOI) Reporting
Beneficial Ownership Information (BOI) Reporting New BOI Requirements for 2024: Beginning in 2024, most corporations, LLCs, and other entities created or registered in the U.S. must report their Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN). What is BOI Reporting? BOI Reporting is a legal requirement aimed at increasing transparency in ownership […]
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2023 Recent Tax Changes
The Internal Revenue Service (IRS) has announced the tax year 2023 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Here are some of the highlights of the changes: In addition, the Inflation Reduction Act extended certain energy-related tax breaks and indexed for inflation the energy-efficient […]
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A+P CPAs
Certified Public Accountants | Business Advisors
