Stable Books

01/03/2026

Happy New Year!

Also Happy Old Year End.

NOW is the time to gather information for 1099s. Don't delay, the clock is ticking...

Give us a shout if you want help!

Send a message to learn more

04/21/2025

Did you extend your business tax return? Tempting as it is to heave a sigh of relief and not look at last year's numbers for the next few months, do your business a favor--don't. Let me get involved NOW, with setting up or cleaning up your mess. Whether it's 2024, or 2025, if we start NOW, there's time to do a no-rush job, to find and fix all the "little" things. Time for you to learn about your business's books, what the numbers tell you about how your business is doing. What you can improve on NOW, so that things are better when the next deadline rolls around.

03/07/2025

Seeking Referrals!

My longest and largest client just let me know that he's scaling his business back significantly. So, I need new clients to fill the gap, in work and income.

For those who don't know me in a "professional" context....I'm a numbers geek, an accountant, Florida CPA with my own solo home-based practice, providing financial accounting and QuickBooks support for a variety of small business clients. My specialty is serving businesses that need more knowledge than a "bookkeeper" but aren't ready to hire a full-time "Controller".

And no, I don't file income tax returns ;-)

03/04/2025

Yep, another flip-flop in the BOI reporting requirement. This time though it's coming from the Treasury department, not the courts. So it *should* be more durable. And the Treasury folks are not only suspending all enforcement for now, they're proposing permanent changes to make the requirements apply only to foreign entities, not to US citizens and entities.

"The Treasury Department is announcing today that, with respect to the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect either. The Treasury Department will further be issuing a proposed rulemaking that will narrow the scope of the rule to foreign reporting companies only. Treasury takes this step in the interest of supporting hard-working American taxpayers and small businesses and ensuring that the rule is appropriately tailored to advance the public interest."

The Treasury Department is announcing today that, with respect to the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penal...

02/19/2025

Heads Up! BOI filing requirement is back on.

A federal district court lifted the last remaining nationwide injunction stopping beneficial ownership information (BOI) filing requirements, but the federal enforcement agency has promised at least a 30-day delay before new filings will be required.

A court ruling means that millions of small businesses need to be prepared to file beneficial ownership information reports.

01/02/2025

Happy New Year!

Or are you suddenly facing Unhappy New Tax Season?

Don't despair, Stable Books can help with:
* Bookkeeping catch-up for 2024 (even if you need the whole year).

* 1099s--Figuring out who you need to issue Form 1099-NEC or other 1099s to. And getting the information together quickly.

* Invoicing clients, so you get paid what you're owed, promptly.

* Translating your tax pro's requests so you know what they need.

* Setting up new bookkeeping systems, so you don't have to stress like this next year.

Send a DM, or email [email protected] The sooner we start, the sooner you can breathe easy and focus on happier things.

12/27/2024

Aaannnd.... The injunction against enforcement of the Beneficial Ownership Interest registration is back in place. Registration is "voluntary" for now. But stay tuned, because there's sure to be more back-and-forth in the courts.

The court’s latest decision reinstates the nationwide injunction, blocking the burdensome beneficial ownership information (BOI) reporting requirements for small businesses while the court fully considers the government’s appeal.

12/23/2024

IMMEDIATE ACTION (may be) NEEDED!

On December 23, 2024, the Fifth Circuit reinstated the CTA (BOI) reporting requirements mandating businesses to disclose beneficial ownership information to FinCEN. The January 1, 2025 deadline is back in effect, for existing entities to comply or face large penalties.

If you have entities that are required to register and haven't yet done so, do NOT wait until 12/31! The risk of the government's servers crashing under the load of millions of entities needing to register in only eight days is high.

Monday night update: FinCEN is extending the filing deadline to 1-13-25.

12/04/2024

The Corporate Transparency Act and its implementing regulations, which require US business entities to report stakeholder information to the Treasury Department, were preliminarily blocked nationwide by a Texas federal court on Tuesday.

There's almost certain to be appeals, so this is far from "over". But if you haven't already filed for your entities, sit tight for now.

The Corporate Transparency Act and its implementing regulations, which require US business entities to report stakeholder information to the Treasury Department, were preliminarily blocked nationwide by a Texas federal court on Tuesday.

11/23/2024

SCAM ALERT! This email is clearly designed to scare QuickBooks Payment Processing users into clicking on the embedded links. DON'T!! It's the latest scam, and as with most, if you just delete the email you're fine. If you click a link in the email, change the passwords on all your accounts, starting with your QuickBooks.

10/31/2024

SCAM ALERT!

The latest twist in scams is an invitation to be a guest on a well-known podcast, often with payment for your time. Exposure and money, what could be better for your business?

Remember the line, if it sounds too good to be true it probably is? Well, I hate to break it to you, but.....it's too good to be true.

What happens in this case is when you accept the invitation, they set up a "tech check" supposedly to confirm that everything will work, but in reality they use this to gain access to your computer, and from there to social media and other accounts. If you're quick, you can kick them out and change all your passwords and be okay. If you're not quick.....

08/29/2024

Have you seen emails or social media posts promoting the "self-employment tax credit"? Be careful! There is NO SUCH CREDIT in the US tax code!

The scammers invite you to pay them fees--sometimes thousands of dollars--for help claiming the "credit". But their "secrets" don't work, because there is no credit to claim. (There was a limited credit for sick/family 'leave' time in 2020 and 2021, but it wasn't renewed.)

If you fall for this and you're lucky, you're "just" out the money you paid the scammer. If you're not lucky, you discover the hard way that the scammer had you file fraudulent tax forms, and you're now facing an IRS fraud audit.

So once again, there IS NO SELF-EMPLOYMENT TAX CREDIT. Just say NO to the scammers.

Hat Tip to tax strategist Diane Kennedy CPA.