FOCUS Accounting & Business Solutions, LLC

01/21/2025

01/21/2025

Just SOLD by Zachary Gaboury! Congratulations to our buyers! 🥳 Looking to buy or sell? Give Zach a call!

M. (724) 840-7866
O. (724) 427-5801
The Tyler Thompson Group - Real Estate Team
ROGL - Realty ONE Group Landmark

01/14/2025

01/14/2025

Organizing receipts can be difficult and time consuming. Here are some tips on how to organize your receipts for tax season:
1. Keep personal and business receipts separate
2. Categorize receipts by utilities, meals, office expenses, supplies, travel, etc.
3. Keep log of added expenses per category
4. Organize receipts in order by date

01/07/2025

Looking for an accountant for the new year?! Give us a call at (814) 938-6197 or book an appointment on our website!

Have a small business? Let us manage your bookkeeping, payroll, tax planning and CFO services. Offering virtual and in person consultation. Focus Accounting provides the financial guidance to make vital operational decisions for your business.

12/31/2024

Important Update! IRS increases the standard mileage rate for business use in 2025; key rate increases 3 cents to 70 cents per mile.

IR-2024-312, Dec. 19, 2024 — The Internal Revenue Service today announced that the optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, while the mileage rates for vehicles used for other purposes will remain unchanged from 2024.

12/26/2024

Important Update! The FINCEN BOI registration is now due by January 13, 2025. The injunction was turned over. Take a look at this link for more information.

The U.S. Fifth Circuit Court of Appeals has dissolved the preliminary injunction in Texas Top Cop Shop Inc. v. Garland thus re-instating the January 1, 2025, deadline.

12/24/2024

12/24/2024

Focus Accounting is wishing everyone a Merry Christmas!

12/17/2024

The end of Quarter 4 is approaching very quickly. Reach out to us for guidance on year end bookkeeping! Also, the office will be closed on December 23th, 24th, and the 25th.

12/10/2024

Important Update for Business Owners!
FINCEN BOI Reporting - On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction concluding that the CTA exceeds the U.S. Constitution’s limits on Congress’ power. Based on that conclusion and other reasoning, the court blocked the U.S. Department of Treasury and FinCEN from enforcing the CTA and its BOI reporting requirements. This decision applies to all reporting companies nationwide, including those that, until yesterday, were facing a January 1, 2025 filing deadline. Take a look at this article for more information:

Subject to 23 exemptions, the BOI Rule requires legal entities formed or registered to do business in the United States to report beneficial ownership information to a national database maintained by the Financial Crimes Enforcement Network (“FinCEN”) within the U.S. Department of the Treasury.

12/03/2024

Attention first time business owners!! Managing finances can be challenging and overwhelming. Let us provide you with consulting, bookkeeping, tax preparation, and much more! Contact us today at (814) 938-6197, or check out our website to book an appointment. https://www.focusabs.com/