Fox, Byrd & Company, P.C.

Paper checks were neato, but now we have a faster way to get you your refund. Direct deposit is the bees’ knees. You can get your refund in 21 days or less. If you need to make a payment, our electronic payment options are nifty. Paying electronically is like greased lightening and helps you avoid penalties and interest.

Get ready to make your payments burn rubber. Visit www.irs.gov/modernpayments.

Welcome lunch with our two new interns and newest staff member—officially survived Dallaska 2025 together!

We are thrilled to announce that Paula Mavridis, CPA, has been named our newest Shareholder!

Since joining the firm, Paula has demonstrated an unwavering commitment to excellence, deep technical expertise, and a passion for helping our clients navigate their most complex financial challenges. This promotion reflects her leadership within the firm and her dedication to the success of every client she serves.

Please join us in congratulating Paula on this well-deserved milestone in her career!

Great evening connecting with fellow local professionals at last night’s Allen Chamber of Commerce networking event. Always appreciate the opportunity to build relationships and support our business community.

Electronic filing for business tax returns starts next week The IRS said it will begin accepting business tax returns electronically next week. No date has been announced yet for individual tax returns.

Grateful for the opportunity to volunteer at GRACE Christmas Cottage today. Proud to support our community and make a difference together! ❤️

Proud to support our local community this Christmas Season 🎄 ✨

We’re hiring a Tax Intern and a Tax Senior to join our team. If you’re looking for a place to contribute, learn, and build meaningful client relationships, we’d love to connect.

Please visit the link below to apply: https://app.joinhandshake.com/e/182926/jobs

This year in lieu of Christmas Cards, Fox Byrd & Company decided we would allocate these funds and donate gifts to GRACE Christmas Cottage! We're grateful for the opportunity to give back and be part of something so special. Wishing everyone a season filled with love, joy, and generosity! GRACE Grapevine

This morning, our team had the privilege of volunteering at GRACE Christmas Cottage, helping spread holiday cheer to families in need. It was a heartwarming experience to see the community come together and make this season a little brighter for everyone. We're grateful for the opportunity to give back and be part of something so special. Wishing everyone a season filled with love, joy, and generosity!

🚨 **Corporate Transparency Act (CTA) Filing Requirements Begin in 2024** 🚨

Starting in 2024, many small businesses in the U.S. must report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). This is part of a national effort to prevent criminal activities by creating a public database accessible to law enforcement.

**Who Must File:**
- **Reporting companies** include corporations, LLCs, and other entities formed through state filings.
- **Exemptions:** Large operating companies with 20+ employees, a physical U.S. presence, and over $5M in annual revenue are not required to report.

**Required Information:**
Report the full legal name, birthdate, address, and a unique ID (like a passport or driver’s license) of beneficial owners (those controlling 25%+ of the company or holding substantial control).

**Deadlines:**
- Existing companies: Initial filing due by January 1, 2025.
- New companies in 2024: Due within 90 days of registration.
- Updates must be filed within 30 days of any changes.

**Filing Process:**
Submit electronically via FinCEN’s portal or through third-party services like LegalZoom and Accumera.

⚠️ Failure to comply can result in fines up to $10,000 and imprisonment. Stay ahead by understanding these new requirements to avoid penalties.

For more info, visit [FinCEN's site] (https://www.fincen.gov/boi/small-business-resources).