Concept Financial Services

01/01/2026

01/01/2025

As we close out the year 2024, we want to take a moment to express our heartfelt gratitude for the trust you've placed in Concept Financial Services. It's been an honor to serve as your trusted partner in bookkeeping and tax services.
As we look to the new year, we're excited to continue delivering exceptional service, expertise, and guidance to help you navigate the ever-changing financial landscape. Our commitment to staying up-to-date on the latest tax laws, regulations, and technologies ensures that you'll always receive the best possible advice and support.
We wish you and your loved ones a joyous holiday season and a prosperous new year. May 2025 bring you success, happiness, and fulfillment.

11/16/2024

FinCEN official says about 6.5 million beneficial ownership information reports of an expected 32 million have been filed.>> https://bit.ly/3UJOsTA

09/26/2024

New IRS per diem rate effective October 2024! https://www.journalofaccountancy.com/news/2024/sep/irs-per-diem-rates-update.html?

The special per diem rates that a taxpayer uses in travel and business expenses will be higher starting Oct. 1, as provided by the IRS.

01/20/2024

Tax Season 2024 is Here!
The wait is over! The Internal Revenue Service (IRS) recently announced that this year’s tax season officially begins on January 29, 2024. We're excited and ready to help you navigate the filing process, maximize your tax refund, and reduce your tax liability.
Key Dates to Remember:
* January 29, 2024: IRS begins accepting e-filed returns
* March 15, 2024: Deadline for tax returns for corporations, partnerships, and limited liability companies using calendar year end
* April 15, 2024: Deadline for filing individual tax returns

Contact us for questions. Thanks for your continued business. We look forward to a great tax season.

01/19/2024

New guidance on employee vs.independent contractor classification.
https://www.journalofaccountancy.com/news/2024/jan/employee-or-independent-contractor-dol-issues-new-guidance.html?

A final U.S. Department of Labor rule provides an economic reality test and targets “misclassifying employees as independent contractors,” which could have tax and other implications for workers and employers alike.

01/01/2024

As 2023 comes to a close, we wanted to take a moment to express gratitude for the opportunity to work with you this year. It's been a pleasure to support your growth and success.
We hope you've had a wonderful holiday season and that you're looking forward to a fresh start in 2024. May the new year bring you joy, prosperity, and exciting new opportunities!
Thank you for trusting us with your business. We are excited to continue our collaboration in the years to come.

01/27/2023

https://www.journalofaccountancy.com/news/2023/jan/taxpayers-reminded-digital-asset-question-income-reporting.html?utm_source=mnl:cpal&utm_medium=email&utm_campaign=25Jan2023

If you trade cryptocurrency in 2022, you will need to include the transactions on your tax return.

The IRS also expanded and clarified the instructions for answering the question to help taxpayers answer it correctly. Taxpayers must answer the question even if they didn’t engage in activities involving digital assets, just as in the 2021 tax year.

01/22/2023

Tax Season 2023 is Here!
The Internal Revenue Service (IRS) announced that this year’s tax season will start on Monday, January 23, 2023. In other words, the IRS will start accepting and processing 2022 tax year returns next Monday. Therefore, please send your tax paperwork to us as soon as possible.
Tax returns for corporations, partnerships, and limited liability companies using calendar year end are due on March 15, 2023. If these returns are applicable to you, please send the paperwork no later than February 28, 2023.

Contact us for questions. Thanks for your continued business. Here is to a great tax season...

12/28/2022

To our valued clients, thank you for giving us your accounting and tax services throughout the years. We at Concept Financial Services value your business and getting to know you and your family.
May you have a wonderful time with family and friends during the festive season and come back refreshed and ready to tackle the year head on! We look forward to working with you in 2023 and beyond.

01/16/2022

This is for those who got the advance child tax credit in 2021...

01/13/2022

Tax Season 2022 is Here!
Good news…tax season starts a little early this year. The Internal Revenue Service (IRS) announced that the nation's tax season will start on Monday, January 24, 2022, when the IRS will begin accepting and processing 2021 tax year returns. Therefore, you can start sending your tax paperwork to us as soon as possible.
Although you have until Monday, April 18, 2022, to file your 2021 individual tax returns and pay any tax due to the IRS, we request that you send your paperwork as early as possible. Contact us for the upload’s secured link.

Contact us for questions. Thanks for your continued business. We look forward to a smooth tax season.