Neuhaus CPAs

Beneficial Ownership Information (BOI) Update Dear Clients, We are writing to keep you informed about the latest developments regarding the Corporate Transparency Act (CTA) and the Beneficial Ownership Information (BOI) reporting requirements. On Thursday, December 26, the United States Court of Appeals for the Fifth Circuit vacated the stay on the BOI reporting mandate. This means the matter is currently under legal review as courts address constitutional questions surrounding the CTA. At this time, filing remains voluntary until further clarification is provided by the courts. Our team is closely monitoring this situation and will continue to provide updates as new information becomes available. If you need assistance or would like us to handle the report on your behalf, please reach out to us. If you have any questions, we are here to help. Sincerely, Neuhaus CPAs #CorporateTransparencyAct #BOIReporting #Compliance

This past Tuesday, Neuhaus CPAs came together for our Annual Night of Appreciation at The Loft Steakhouse. It was an evening to celebrate the dedication and hard work of our team with: - Delicious food and fine wine - A thought-provoking speech by Tax Partner Yosef Willig - A captivating performance by a mentalist - And thoughtful laptop bags as a token of our gratitude! At Neuhaus CPAs, we believe in recognizing the people who make our success possible. A strong team is the foundation of every great firm, and we’re excited for what lies ahead in 2025. Here’s to continued growth, collaboration, and excellence! #TeamNeuhaus #EmployeeAppreciation #CPAProfession

This past Tuesday, Neuhaus CPAs came together for our Annual Night of Appreciation at The Loft Steakhouse. It was an evening to celebrate the dedication and hard work of our team with: - Delicious food and fine wine - A thought-provoking speech by Tax Partner Yosef Willig - A captivating performance by a mentalist - And thoughtful laptop bags as a token of our gratitude! At Neuhaus CPAs, we believe in recognizing the people who make our success possible. A strong team is the foundation of every great firm, and we’re excited for what lies ahead in 2025. Here’s to continued growth, collaboration, and excellence! #TeamNeuhaus #EmployeeAppreciation #CPAProfession

BOI Reporting Requirement Reinstated – What You Need to Know Dear Clients, We want to keep you informed about a significant development regarding the Beneficial Ownership Information (BOI) reporting requirement: On Monday, the Fifth Circuit Court of Appeals granted a Justice Department motion to stay the injunction that had previously paused the BOI reporting requirement. As a result, this requirement has now been reinstated. FinCEN has announced that the reporting deadline for most companies is January 13, 2025. If your company qualifies as a reporting entity, compliance with this requirement is mandatory. To assist you in meeting this obligation, Neuhaus CPAs offers BOI filing services at the following rates: - $185 for one report - $150 each for two to nine reports - $100 each for ten or more reports If you have any questions or need assistance with your BOI filing, we are here to help. Please don't hesitate to reach out to us. Sincerely, Neuhaus CPAs #BOICompliance #BusinessReporting #NeuhausCPAs

Fraud poses a significant threat to businesses of all sizes, and one scheme gaining momentum is invoice fraud. This crime often takes the form of: - Fraudulent billing: Fake or real vendors issue invoices for goods or services never received. - Overbilling: Charging more than the agreed amount. - Duplicate billing: Sending the same invoice multiple times. - Employee collusion: Coordinating with others to approve false payments. How can businesses protect themselves? Consider these best practices: 1. Verify the identity and legitimacy of every new supplier or vendor. 2. Implement a thorough approval process to catch red flags. 3. Leverage technology like AI-driven optical character recognition (OCR) to detect and prevent fraud. #NeuhausCPAs #InvoiceFraudPrevention #BusinessSecurity

𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟐𝟒 𝐍𝐞𝐰𝐬𝐥𝐞𝐭𝐭𝐞𝐫 Our latest newsletter offers practical insights and updates to help you stay on top of key financial and tax matters. This month, we cover: • 𝟓 𝐓𝐢𝐩𝐬 𝐭𝐨 𝐂𝐮𝐭 𝐘𝐨𝐮𝐫 𝟐𝟎𝟐𝟒 𝐓𝐚𝐱 𝐁𝐢𝐥𝐥: Learn proactive strategies to maximize your tax savings before the year ends. • 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐏𝐫𝐚𝐜𝐭𝐢𝐜𝐞 𝐒𝐜𝐡𝐞𝐝𝐮𝐥𝐢𝐧𝐠 𝐓𝐢𝐩𝐬: Improve operational efficiency and patient satisfaction with proven scheduling strategies. • 𝐃𝐢𝐬𝐚𝐬𝐭𝐞𝐫 𝐒𝐜𝐚𝐦 𝐀𝐥𝐞𝐫𝐭𝐬: Protect your business from fraud in the wake of natural disasters. • 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐃𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐄𝐧𝐞𝐫𝐠𝐲-𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐭 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠𝐬: Discover expanded benefits under Section 179D for energy-efficient improvements. 𝑹𝒆𝒂𝒅 𝒕𝒉𝒆 𝒇𝒖𝒍𝒍 𝒏𝒆𝒘𝒔𝒍𝒆𝒕𝒕𝒆𝒓 𝒉𝒆𝒓𝒆: https://lnkd.in/gdDQKBHb #NeuhausCPAs #TaxPlanning #BusinessInsights

To ensure stability and profitability, businesses must engage in strategic planning. But which leadership skills are most essential to the process? Among the five most important are: 1. Viewing the company realistically and aspirationally. Accurate information and a clear, shared vision form the foundation of effective strategic planning. 2. Analyzing the industry and market. Foreseeing impending changes and anticipating trends is critical for long-term success. 3. Understanding customers and anticipating their needs. Predicting what customers will want in the future is one of the biggest challenges. 4. Recognizing the company’s capabilities and resources. Strategic decisions must account for realistic limits, including workforce, financial resources, and technology. 5. Communicating effectively. Clear communication across leadership teams ensures alignment and execution. Proper financial information is central to many of these leadership skills. Our team can assist in preparing the data and insights your business needs to plan confidently and effectively. #StrategicPlanning #LeadershipDevelopment #NeuhausCPAs

𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫: 𝐁𝐎𝐈 𝐅𝐢𝐥𝐢𝐧𝐠 𝐃𝐞𝐚𝐝𝐥𝐢𝐧𝐞 𝐢𝐬 𝐀𝐩𝐩𝐫𝐨𝐚𝐜𝐡𝐢𝐧𝐠 – 𝐀𝐜𝐭 𝐍𝐨𝐰 𝐭𝐨 𝐒𝐭𝐚𝐲 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐭 The 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐀𝐜𝐭 (𝐂𝐓𝐀) requires many small business entities, including Single Member LLCs, Multiple Member LLCs, and S Corporations, to file a 𝐁𝐞𝐧𝐞𝐟𝐢𝐜𝐢𝐚𝐥 𝐎𝐰𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 (𝐁𝐎𝐈) 𝐑𝐞𝐩𝐨𝐫𝐭 with the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). With the deadline fast approaching, it’s essential to ensure your business meets this requirement to avoid significant penalties. 𝐖𝐡𝐚𝐭 𝐘𝐨𝐮 𝐍𝐞𝐞𝐝 𝐭𝐨 𝐊𝐧𝐨𝐰: The 𝐁𝐎𝐈 𝐟𝐢𝐥𝐢𝐧𝐠 is critical for compliance with federal regulations designed to enhance financial transparency and prevent financial crimes. (𝑁𝑜𝑛-𝑐𝑜𝑚𝑝𝑙𝑖𝑎𝑛𝑐𝑒 𝑐𝑎𝑛 𝑟𝑒𝑠𝑢𝑙𝑡 𝑖𝑛 𝑓𝑖𝑛𝑒𝑠 𝑜𝑓 𝑢𝑝 𝑡𝑜 $10,000 𝑜𝑟 𝑖𝑚𝑝𝑟𝑖𝑠𝑜𝑛𝑚𝑒𝑛𝑡.) 𝐇𝐨𝐰 𝐍𝐞𝐮𝐡𝐚𝐮𝐬 𝐂𝐏𝐀𝐬 𝐂𝐚𝐧 𝐇𝐞𝐥𝐩: We understand that this new requirement can feel overwhelming, but Neuhaus CPAs is here to make the process simple. Our experienced team will guide you through: • 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐨𝐛𝐥𝐢𝐠𝐚𝐭𝐢𝐨𝐧𝐬 • 𝐆𝐚𝐭𝐡𝐞𝐫𝐢𝐧𝐠 𝐚𝐧𝐝 𝐨𝐫𝐠𝐚𝐧𝐢𝐳𝐢𝐧𝐠 𝐭𝐡𝐞 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐝 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 • 𝐅𝐢𝐥𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐁𝐎𝐈 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐜𝐜𝐮𝐫𝐚𝐭𝐞𝐥𝐲 𝐚𝐧𝐝 𝐨𝐧 𝐭𝐢𝐦𝐞 𝐃𝐨𝐧’𝐭 𝐖𝐚𝐢𝐭 𝐔𝐧𝐭𝐢𝐥 𝐈𝐭’𝐬 𝐓𝐨𝐨 𝐋𝐚𝐭𝐞: The deadline is approaching quickly—let us help you stay compliant. 👉 Learn more about how we can assist you: https://lnkd.in/gNbCvyHg Your compliance is our priority. Let us take the stress out of filing so you can focus on growing your business. #BOICompliance #SmallBusinessSupport #NeuhausCPAs

We are honored to be attending and sponsoring Powwow Events The Healthcare Show 2024, taking place today at The Venetian Ballroom in Garfield, NJ. As attendees arrived, they were welcomed with water bottles branded with the Neuhaus CPAs logo—a reflection of our dedication to supporting the healthcare industry with tailored financial solutions. Representing Neuhaus CPAs at the event are Audit Partner Jeffrey Slepoy, Tax Partner Yosef Willig, and Senior Tax Manager Shimmy Klein, CPA. Their expertise underscores our commitment to addressing the unique challenges and opportunities faced by healthcare providers and operators. This event follows our sponsorship of last week’s eCore24 Real Estate Event, demonstrating our firm’s focus on serving key industries such as real estate and healthcare. These sectors play a critical role in the economy, and we take pride in delivering expert audit, tax, and advisory services to help our clients thrive. The Healthcare Show provides an excellent opportunity to engage with industry leaders, share insights, and build relationships. We look forward to continuing to support businesses in achieving their financial goals. #NeuhausCPAs #HealthcareShow2024 #IndustryLeadership