We are excited to announce that our office is undergoing a renovation designed to enhance our workspace and better serve our clients for years to come. One of the most exciting additions will be a new communal space designed to encourage collaboration and connection among our team. This flexible area will also serve as a…
Details
Starting September 30, 2025, the federal government will stop issuing and accepting most paper checks for tax payments, refunds, Social Security, and other federal transactions. This change is due to Executive Order 14247 (EO) which was signed in March 2025. The EO is part of a nationwide effort to modernize payments, making them faster, more…
Details
In a recent Tax Court case, Maggard v. Commissioner, the court ruled that unauthorized, disproportionate distributions within an S corporation did not terminate its S corporation status, highlighting the importance of proper documentation and governance for business owners. S Corporations and Classes of Stock One of the key requirements for a corporation to qualify for…
Details
Let’s be honest, no one likes filing a tax return. This is heightened for those in real estate due to the volume of information that needs to be gathered. Most in the real estate industry have multiple entities with many transactions happening each year – it can truly be overwhelming. I am here to offer…
Details
A new reporting requirement for businesses, The Corporate Transparency Act, is officially in place with the potential for very high penalties. Do not ignore this legislative change—meet with your legal advisors as soon as possible to develop an action plan for the Beneficial Owner Information Reporting. This is part of the federal government’s anti-money laundering…
Details
We are pleased to announce that Wiebe Hinton Hambalek, LLP has successfully completed its recent Peer Review process with the utmost distinction, receiving the highest level of commendation from the American Institute of Certified Public Accountants (AICPA). This accomplishment is a testament to our unwavering commitment to excellence and adherence to the highest standards of…
Details