Austin Tax and Financial

02/06/2026

It’s that time again… one of my favorite scenes ever!

A write-off is "when you buy something for your business and the government pays you back for it."....right?

02/24/2025

Following a recent court decision, FinCEN has extended the deadline for beneficial ownership information (BOI) reporting. Now due March 21, 2025, this extension allows companies more time to comply with the Corporate Transparency Act (CTA) requirements. FinCEN will also review options to further modify deadlines and plans to revise the BOI reporting rule to reduce the burden on lower-risk entities, including small businesses.

Updated Deadlines
The majority of reporting companies will need to file an initial, updated, and/or corrected BOI report by March 21, 2025.

Companies with a previously assigned deadline later than March 21, 2025, should plan to file by that later date.

Members of the National Small Business Association (as of March 1, 2024)—are not currently required to report their beneficial ownership information to FinCEN at this time.
Reporting companies can report their beneficial ownership information directly to FinCEN, free of charge, using FinCEN’s E-Filing system available at boiefiling.fincen.gov. More information is available at fincen.gov/boi.

The reporting requirements remain a topic of debate, and potential changes are on the horizon. Proposed legislation in both the House and Senate aims to delay or repeal the BOI reporting. We are closely monitoring this evolving situation and will keep you informed of any updates as they occur.

12/05/2022

Come bring an unwrapped toy or gift card to our office to help support the wonderland toy store (article attached) and take home a beautiful poinsettia! (First come first served) M-F 9-5 12/5-12/14

Austin Tax & Financial is working hard to make this holiday season merry and bright for families who are struggling financially. For the past nine years Sharon and Tom Austin have worked with their clients to stock