Updates on Beneficial Ownership Information (BOI) Reporting ] The Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a release announcing that it intends to issue an interim final rule by March 21, 2025 that will extend the current deadlines to file…
IRS Begins Mass Layoffs, Cutting 7,000 Jobs Amid Tax Season The IRS has begun laying off thousands of probationary employees, a move that is expected to significantly impact the agency’s operations during tax season. Approximately 7,000 workers—about 7% of the…
Corporate Transparency Act Reinstated, New Filing Deadline Issued After a flurry of legal activity surrounding the Corporate Transparency Act (CTA), the most recent injunction on enforcement of CTA has been stayed, which means beneficial ownership information (BOI) reporting requirements under the…
Harvard Business School Survey Found That 40% of Workers Would Rather Take a Pay Cut Than Return to Office The option to work remotely at least a few days a week has become a persistent feature of the post-pandemic job…
Has Your Business Outgrown QuickBooks? As a small business owner, you likely started using QuickBooks to manage your finances, and it served you well during the early stages of your company’s growth. However, as your business expands, you may find…
Richard Levychin, CPA to Moderate The Art of the Acquisition; Growing Your Company Using Mergers Acquisitions, March 27th All companies grow by increasing their top line revenue. Many companies, in addition to using the above organic revenue approach, also grow by acquiring other…
Galleros Robinson Online Knowledge Center The Galleros Robinson online Knowledge Center provides access to a wide range of articles on a variety of topics. Our articles’ primary area of focus is on businesses and solutions to the unique challenges business…
Galleros Robinson Opens Offices in Chicago; Adds Two New Partners We are pleased to announce that Galleros Robinson has opened offices in Chicago, Illinois. This recent addition will allow the Firm to both service and expand on existing engagements and…
Richard Levychin, CPA to Moderate “Utilizing IRC Section 181 for Independent Film Production Investments While Generating Robust Tax Deductions” January 22nd This webinar, moderated by Richard Levychin, CPA, will discuss the pros and cons of investing in film production and…
Taxation and Valuation of Stock Compensation Provided to Founders An incremental stock grant issued to founders 3 years after founding a company is typically taxed as ordinary income based on the fair market value of the shares at the time…