Tax and Accounting News

Corporate Transparency Act

Below please find a letter with an overview of the Corporate Transparency Act, and the new requirements related to reporting of Beneficial Ownership Information.

This is a critically important issue for everyone with any type of business interest, with possibly severe consequences if the rules are not followed.

We regret that we are unable to give you advice on this matter. Please seek guidance from your legal counsel. Please take a few minutes to read this letter.

Read the letter

New Login System

 What you need to know:

• You’ll need to create a new username and password. To do this, you’ll need your current NetClient CS login ID and password. If you’ve saved these details to your browser, please memorialize them. If you’ve forgotten your login ID, please contact our office and ask for Johna Carr.
• The sign-in page will look different but will function the same way. This video showcases the new experience. Please watch this video as it is very helpful.
• You’ll need to enable two-factor authentication. There are several options available to verify your identity when you log in. One option is the Auth0 Guardian mobile app, which is free on the Apple App Store for iOS and Google Play Store for Android. Learn more about two-factor authentication.
• We recommend using the option that will send a text message to your phone. This method may be more familiar and is commonly used for two-factor authentication.

Increased Standard Mileage Rates

The IRS recently announced an increase in the standard mileage rates for taxpayers who use this method to deduct their business mileage. Continue reading “Increased Standard Mileage Rates”

New Kansas Tax Law

We wish to make you aware of a new law that the Kansas Legislature passed this spring. Continue reading “New Kansas Tax Law”