Thelen Financial, Inc.

Ever wondered if your with the right CPA, of if you should upgrade from a Tax preparation firm to a CPA firm? I just had a chat with a local business owner who sees his CPA interaction as "cookie cutter" and "plug and play." He said he might talk to them 10 minutes per year. But here's the thing... I know the firm he's with, and sadly, this isn't rare. Many tax preparers are doing their clients a disservice by not diving deeper. As an experienced business professional, and a strategic planning partner, I believe in more than just crunching numbers. I believe in conversations that matter. Your tax return may look simple, but what if I told you there's more to it? What if there are savings you're missing out on, or new tax laws that could benefit you, but your CPA is too out of touch with your business to see it? Here at Thelen Financial, we're not just about the numbers; we're about the narrative behind them. We're about understanding your business inside and out, so we can be the strategic partner you never knew you needed. So, let's talk about what's really going on with your business. Let's uncover the opportunities hidden in plain sight. It's not just about filing taxes; it's about strategizing for your future. If this resonates with you, if you're ready for a CPA who talks with you, not just at you, then it's time to think about calling Thelen Financial. Let's be partners, not just during tax season, but all year round. How does your CPA support your business growth? Share your experiences in the comments! And if you found this insight helpful, please feel free to repost. Let's get the word out that there's more to a CPA than just taxes.

I am reposting this because I am still getting daily questions and people who just heard about it for the first time. The government has done a terrible job notifying everyone. On Jan. 1, 2024, the Corporate Transparency Act (CTA) became effective. Every new corporation, limited liability company (LLC), limited partnership and any entity whose existence is created by a filing with a Secretary of State in any state must file with the Financial Crimes Enforcement Network (FinCEN). More than 32 million entities are estimated to be affected.   The stated purpose for the CTA is to combat money laundering and the concealment of illicit funds through “shell” corporations or other entities in the United States. Every reporting company must file a report for companies that are in existence on Jan. 1, 2024. Initial reports are due by Jan. 1, 2025. For new entities created on or after Jan. 1, 2024, the initial reports are due within 90 days from the formation date. The initial reports are pretty simple. The on going updates, if you have an active management team, are going to be a mess.