Insights | Rea CPA - Part 2
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Feb 19, 2024
The Future of QuickBooks: Getting Ahead of the Change
Article

The Future of QuickBooks: Getting Ahead of the Change

As of July 31, 2024, new subscribers can choose between QuickBooks Online (QBO) and QuickBooks Enterprise. Existing subscribers will still be able to renew their QuickBooks Desktop Pro and Premier subscriptions, but these options are no longer available to new subscribers. The biggest impact will be for new businesses or QuickBooks Desktop users without an active subscription. For several years, Intuit has poured its resources into enhancing QuickBooks Online, to make it more robust and user-friendly while adding new features.
Author
Feb 16, 2024
Staying Secure During Tax Season: Your Guide to Avoiding Phishing and Smishing Scams
Article

Staying Secure During Tax Season: Your Guide to Avoiding Phishing and Smishing Scams

As we approach another tax season, it's not just the crunch of numbers that should be on our minds but also the heightened risk of falling prey to cyber scams. The Internal Revenue Service (IRS), following its eighth annual Security Summit, has issued an early reminder: Be vigilant against phishing and smishing scams. This advice isn't just for those in the U.S. − cybercriminals are sharpening their tactics globally. Let's walk through essential tips to help you navigate this tricky period safely and confidently.
Author
Feb 15, 2024
Important Information Regarding the Corporate Transparency Act
Article

Important Information Regarding the Corporate Transparency Act

The Corporate Transparency Act (signed into law on Jan. 1, 2021) expanded anti-money laundering laws and created new reporting requirements for certain companies doing business in the US. Beginning in 2024, many small businesses are required to report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN) in an effort to create a national database for use by national security and law enforcement agencies to prevent the use of shell companies for criminal activity. 

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