Corporate Transparency Act and Beneficial Ownership Information Reports

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Effective 01/01/2024, most small businesses are required to report beneficial ownership information (BOI) to the federal government. The required report is submitted electronically to the US Treasury Financial Crimes Enforcement Network (FinCEN) via their website at www.fincen.gov. All entities created by filing registration documents (such as articles of organization or incorporation) with a secretary of… Read More »

Charity Spotlight: Laura K and Art on the Go

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In life, there are left-brained people and right-brained people. Left-brained people, typically, are more logic-minded. They’re analytical. They’re good with numbers. Right-brained people are more feelings-minded. They’re qualitative. They’re creative. Left-brained individuals are oftentimes doctors, or chemists, or accountants. Right-brained people are oftentimes teachers, or actors. Or artists.  Once in a while, however, a person… Read More »

Bill Cubin Becomes Managing Partner of CPA Consulting Group, LLP

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CPA Consulting Group LLP (CPA) is proud to announce that Bill Cubin is now the Managing Partner of the firm.  He replaces Dick Bell who served as managing partner during the past 20 years. Bill began his employment at CPA in September 2010. He quickly proved his value to the firm and was made partner… Read More »

Energy Efficient Home Improvement Credit

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Starting January 1st, 2023, the tax law allows for certain qualified energy-efficient improvements to be made to your home to qualify for a tax credit. To qualify for these credits, the property must be your main home (home you generally live in most of the time) and must be on an existing home, new homes… Read More »

Charity Spotlight: Dick Bell on CASA of Natrona County Board

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“This isn’t a warm and fuzzy story,” began Dick Bell, the Managing Partner of CPA Consulting Group, LLP. “Just like any other person who gets on a non-profit board of directors – I was asked, right?”  Right.  And so began Dick Bell’s time as the Treasurer for the Board of Directors for CASA of Natrona… Read More »

Creating your IRS Online Account

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As the world continues to shift to a more paperless system, the IRS offers a multitude of ways to make electronic tax payments. While the system of mailing paper checks still works, making online tax payments offers individuals a different option to make such payments. There a several methods that allow you to make digital… Read More »

Qualified Charitable Distributions (QCD)

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Traditional IRA distributions are generally taxable in the year you receive them.  However, there are a few exceptions that can make the distribution non-taxable.  One of those options is to make a qualified charitable distribution. A qualified charitable distribution (QCD) is a nontaxable distribution from your IRA account made directly by the trustee of your… Read More »

Bonus Depreciation Phase-down effective 1/1/2023

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With the passage of the Tax Cuts and Jobs Acts (TCJA) in 2017, major changes were made in regard to bonus depreciation. The law change increased the deduction from 50% to a 100% deduction of the purchase price of eligible assets in the year of acquisition. This was a major change of the law, as… Read More »