Category: Professional Services Industry

Whether your business is B2B or B2C, get the latest news and updates on the professional services industry. Learn about new trends, business strategies, and tax tips to help you succeed.

Your Small Business Needs These 7 Affordable Tech Tools

All News, General Business, Professional Services IndustryMBE CPAsLeave a comment

Technology has become an essential part of running a successful small business. Here are 7 affordable technology tools to help…

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The Art of Giving: Tax Savings on Charitable Contributions

All News, General Business, Individual Tax, Nonprofit Industry, Professional Services Industry, Tax Alerts & UpdatesMBE CPAsLeave a comment

One of the ways to reduce your taxable income, and in turn, your tax liability, is to claim a deduction…

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Medical and Dental Expenses: What Can You Deduct?

All News, Healthcare Industry, Individual Tax, Professional Services Industry, Tax Alerts & UpdatesMBE CPAsLeave a comment

The strain that healthcare can have on your pockets can be minimized by writing off medical and dental care expenses…

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Restaurant Dining Deduction

All News, Consumer Services Industry, Food & Beverage Industry, General Business, Professional Services Industry, Tax Alerts & UpdatesMBE CPAsLeave a comment

Businesses can now claim a 100% income tax deduction for money spent on business-related food and drinks from restaurants. Learn…

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Client Account

We are clients of the RSM Professional Services+ Practice. As a client, we have access to the Professional Services+ Collaborative, a globally connected community that provides access to an ecosystem of capabilities, collaboration and camaraderie to help professional services firms grow and thrive in a rapidly changing business environment. As a participant in the PS+ Collaborative, we have the opportunity to interact and share best practices with other professional services firms across the U.S. and Canada.

New Updates on the Corporate Transparency Act (CTA)

A recent court decision has reinstated the requirement for businesses to report their beneficial ownership information (BOI) under the Corporate Transparency Act (CTA). On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit reversed a temporary block on the law, allowing it to take effect again. MBE CPAs has been closely monitoring these developments and assisting clients with understanding, preparing, and submitting BOI reports.

To help businesses adjust, the Financial Crimes Enforcement Network (FinCEN) has extended some filing deadlines. This update summarizes the latest changes, provides a timeline of key events, and outlines how MBE CPAs can support you with this filing requirement.

Read more in our article, Important Update: BOI Filing Reinstated With New Deadlines