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2024 New Year Updates (2023 tax year)

January 2, 2024 by Siobhan

Happy New Year! The new year brings a new tax season.  As a firm, we continue to evolve to find how to best partner with our clients and provide the highest level of service.  We have a few important updates of what to expect as we move into this year’s tax season (and beyond). It […]

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Beneficial Ownership Information (BOI) Reports

December 3, 2024 by Siobhan

UPDATE: December 27th – The injuction was reinstated and BOI reporting is once again on pause as the courts continue to review the information.  If you have not yet filed, you can choose to file voluntarily so you do not need to worry about what happens or you can follow the updates and be prepared […]

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Worksheets

January 12, 2024 by Siobhan

  Do you need a worksheet to turn in with your tax info? You are always welcome to contact our office and request that we email you a worksheet.   admin@thrivebusinessgroup.com  or (360) 746-8738. Or, you can download the needed worksheet below: Schedule E – Rental Worksheet 2024 Vehicle Worksheet 2024 Schedule C – Business Income and […]

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“Worry Free” Client Care Package (Notice & Audit Protection Plan – 2023 tax year)

January 1, 2024 by Siobhan

In August, 2022, the Inflation Reduction Act was passed. This Act included $80 billion of increased funding to the IRS. A minimum of $45 billion of this is designated for enforcement. That means more IRS notices and audits. We are expecting the rate of audit of all tax return to increase (at least double) in […]

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“Worry Free” Client Care Package Terms of Service (2022-2023)

December 26, 2023 by Siobhan

The Thrive Business Group “Worry Free” Client Care package will provide notice and audit defense services listed below for your 2023 income tax return. What Certain Terms Mean: “Audit” means any IRS or State review, examination, investigation, or verification of the information on your 2023 income tax return. “Notice” is any IRS or State communication, […]

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Tax Extensions – “Should I file one?”

March 13, 2023 by Siobhan

It’s tax season, and that means it’s also extension season.  Tax extensions are often misunderstood, sometimes misused, and (in my opinion) severely underutilized. Here’s a brief video with more information including: What is a tax extensions? What does a tax extension do for me?  What does it not do? When is a tax extension a […]

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