Dear Clients,
Welcome to Another Tax Season!
As the holiday season approaches, all of us at Accounting and Tax Services Office would
like to take a moment to thank you for your trust and partnership. It is our privilege to assist
you, and we look forward to working with you this year.
We wish you and your loved ones the new year filled with good health and peace, moments
of warmth and cheer. May this year bring you new opportunities to follow your dreams and
accomplishments in achieving great success!
We are pleased to share that there are no major changes to tax law for 2024 tax year.
However, there are many new regulations that may affect certain you as a taxpayer.
Specifically, if you operate a small business and accept payments through payment apps or
online marketplaces, those earnings should be reported. In this case you may be receiving
a Form 1099-K that you should provide for your income tax preparation. These forms are
typically available online by the end of January. Please be advised, that according to federal
law, all income should be reported, regardless of if you received the Form 1099-K.
We would also like to use this opportunity to remind those of you who already owned or
open new businesses in 2024 about an important government requirement to file beneficial
ownership information (BOI) with FinCen by the due date of January 01, 2025. Please
consider the importance of complying with the requirement and be aware that failure to
meet this obligation may result in penalties for delay of up to $500.00 per day.
As you prepare for the upcoming tax filing season, we kindly remind you to gather all
applicable tax forms related to your 2024 income.
To ensure a smoother process, we start accepting scheduling tax preparation appointments
for this tax season at 718-645-3074 on January 02, 2025. For your convenience, we still
offer remote tax preparation services if you guarantee that all necessary tax documents and
your signed e-file authorization forms can be emailed to skovyshtaxes@yahoo.com.
Let’s make 2025 amazing and unforgettable in the best way possible!
Happy New Year from all of us,
Tatiana Skovysh, E.A.
and Team of Accounting and Tax Services Office