Dyer & Associates CPA, PLLC

04/16/2025

IRS Extends the Filing Date for all of Arkansas IR-2025-49 and all of Tennessee IR-2025-47 to November 3, 2025 for Individuals and Businesses. Due to severe storms, flooding and tornados the deadlines have been extended for making payments and filing tax returns.

Taxpayers in Tennessee and Arkansas are granted extensions for individual and business tax-related deadlines that fall between April 2, 2025, and November 3, 2025. The November 3 deadline applies to individual income tax returns, individual retirement arrangement (IRA) contributions, quarterly estimated tax payments, quarterly payroll and excise tax returns, calendar-year corporation and fiduciary returns and payments, and calendar-year tax-exempt organization returns.

Penalties for failing to make payroll and excise tax deposits due between April 2 and April 17, 2025, will be waived if deposits are made by April 17, 2025.

The IRS will automatically apply filing and penalty relief to taxpayers within these states. Those outside the area but affected can contact the IRS for assistance at 866-562-5227.

12/24/2024

BOI Reporting Alert: The 5th Circuit Court of Appeals has reversed its previous rejection of FinCEN’s appeal of the BOI injunction Dec 23. This decision effectively lifts the injunction and reinstates reporting with most deadlines extended to January 13, 2025.
Below are additional details:
• For Companies Created or Registered Prior to January 1, 2024:
These companies now have until January 13, 2025, to file their initial BOI reports with FinCEN (extended from the original January 1, 2025, deadline).
• For Companies Created or Registered On or After September 4, 2024:
• If the original filing deadline fell between December 3, 2024, and December 23, 2024, these companies now have until January 13, 2025, to file.
• If created or registered between December 3, 2024, and December 23, 2024, these companies have an additional 21 days from their original filing deadline to submit their reports.
• For Companies Qualifying for Disaster Relief:
These companies may have extended deadlines beyond January 13, 2025, and should adhere to whichever deadline falls later.
• For Companies Created or Registered On or After January 1, 2025:
These companies must file their initial BOI reports with FinCEN within 30 days of receiving actual or public notice that their creation or registration is effective.
You can file yourself at www.fincen/boi.gov or if you need assistance contact [email protected].

12/10/2024

Last Tuesday Eastern District of Texas Court has issued a stay on BOI reporting. This is good news for Small Businesses FinCen has issued a press release there is no need to report for BOI for now. You can self report voluntarily. Read about it at

WASHINGTON—Today, the Financial Crimes Enforcement Network (FinCEN) published its first set of guidance materials to aid the public, and in particular the small business community, in understanding upcoming beneficial ownership information (BOI) reporting requirements taking effect on January 1, 2...

12/06/2024

Voting is now live for DeSoto County's Best. You can vote once per day per category until 8pm on December 20th. We are grateful to be included in the Accounting Firm category. Thank you for your votes. https://www.desototimes.com/desotos_best/ #//

11/14/2024

• Starting in 2024, business owners are now required to file Beneficial Ownership Information (BOI) with the Department of Treasury. This is a part of the Corporate Transparency Act. This will not be reported with the tax return. It is a requirement of the business owner. It is free to register. It is not an annual report unless you need to update information. This started January 1, 2024. https://home.treasury.gov/news/press-releases/jy2015
o Existing Companies had One Year to File
o New Companies Must File Within 90 Days of Creation or Registration.
o FinCen is reporting companies creating scams to report BOI information. You must include four pieces of information, officer’s name, date of birth, address, identifying information (driver’s license, passport, etc). Do not give your information to anyone who you do not trust.
• What penalties do individuals face for violating BOI reporting requirements?
o As specified in the Corporate Transparency Act, a person who willfully violates the BOI reporting requirements may be subject to civil penalties of up to $500 for each day that the violation continues. That person may also be subject to criminal penalties of up to two years imprisonment and a fine of up to $10,000. Potential violations include willfully failing to file a beneficial ownership report, willfully filing false beneficial ownership information, or willfully failing to correct or update previously reported beneficial ownership information.

Existing Companies Have One Year to File; New Companies Must File Within 90 Days of Creation or RegistrationWASHINGTON – Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) began accepting beneficial ownership information reports. The bipartisan Corporate T...

01/11/2024

North Mississippi small business accounting experts Dyer & Associates CPA, PLLC understands that it is more important for you to focus on business success than spending hours on accounting issues, and that is why we offer accounting advisory services.

Whether you prefer that the work is done on a monthly or a quarterly basis, we will be there to answer the questions you have, making sure that your business has a solid foundation and accurate accounting systems in place. We customize our services to exactly what you need whether it is payroll consultation, tax preparation, tax planning or cash flow analysis, we can customize our package services and add them on as you wish.

Visit us at https://www.dyer-cpa.com/pages/services/small-business-accounting-advisory-services-hernando-ms to learn more about Small Business Accounting and Advisory Services.

01/04/2024

Scalability: Outsourced services are flexible and can adapt to a business's changing needs, facilitating growth and cost management.

Peace of Mind: Outsourcing offers peace of mind by relying on experts for accurate and up-to-date financial records, reducing stress and boosting confidence.

Visit our website to learn more about the benefits of outsourcing and how we can support your business.

01/01/2024

Cost-Efficiency: Outsourcing bookkeeping and accounting saves money by eliminating in-house hiring and training costs, as well as employee benefits and office space expenses.

Expertise and Accuracy: Professional outsourced services provide expertise and ensure accuracy, staying updated with tax laws and financial regulations.

Focus on Core Operations: Outsourcing allows businesses to concentrate on core operations, enhancing growth and competitive advantage.

Visit us at https://www.dyer-cpa.com/pages/home to learn more about the benefits of outsourcing and how we can support your business.

12/27/2023

An untimely visit from the IRS can bring your business to a grinding halt, but that does not have to be the outcome. When you get that first audit letter, Dyer & Associates CPA PLLC, is ready to solve your tax problems so you can run your business in peace.

Visit our website to learn more about Tax Resolution & IRS Representation Services.

12/19/2023

Risk Management : Identifying, assessing, and mitigating risks is vital for personal and business stability. Effective risk management safeguards assets, reputation, and financial stability while facilitating informed decision-making.

Audit Support : Skilled audit support from professionals like CPAs is crucial during financial audits. It involves organizing records, explaining audit requirements, and guiding clients to ensure compliance and accuracy.

Visit us at https://www.dyer-cpa.com/pages/home to understand the invaluable role a CPA plays in your business success.

12/12/2023

Financial Analysis and Reporting
Financial analysis and reporting provide a comprehensive view of a company's financial health, offering insights for informed decisions and strategies that drive sustainable growth.

Visit us at https://www.dyer-cpa.com/pages/home to understand the invaluable role a CPA plays in your business success.