A Season of Opportunities: Our September Newsletter Is Here!
Manay CPA Accounting & Tax Services
Your Opportunity Advisor | Expert support for your financial and accounting needs.
Welcome to Manay CPA's September Newsletter!
As September arrives, bringing with it the promise of cooler days and a fresh start, we are thrilled to present our September newsletter! This month is all about embracing new financial opportunities and preparing for a successful journey ahead.
Manay CPA was Named One of America's Top 100 Small Businesses
We have been named one of America’s top 100 small businesses for the U.S. Chamber of Commerce’s 2024 America’s Top Small Business Awards! We are one of 100 small businesses across the country to receive this recognition out of thousands of applicants. The awards celebrate small businesses and their contributions to the economy and job creation. We're headed to Washington, D.C. for a national event celebrating all the small business owners nationwide that keep our economy thriving every day.
Upcoming Tax Due Dates
Mark Your Calendar: Extended Tax Filing Deadline Ahead!
For individuals and C corporations who requested an extension for their 1040 and 1120 tax returns earlier this year, the October 15th extended tax deadline is approaching fast! Need assistance with your taxes? Dont procrastinate! Your peace of mind is just a phone call or email away!
Tips and Updates
Extended Tax Deadlines: Relief for Storm-Affected Areas
If you or your clients were impacted by the recent storms in New York or Connecticut, the IRS has extended key filing deadlines until February 3, 2025. This gives you more time to prepare and file without the stress. Stay ahead by handling filings now and avoid the rush later.
California Wage Hike: Prepare for the 2025 Increase
Starting January 1, 2025, California’s minimum wage will rise to $16.50 per hour. For employers and employees alike, this increase comes with new financial planning needs. Get ready to adjust your payroll and ensure you’re compliant with the state’s new standards while maintaining business momentum.
FBAR Filing: Avoid Hefty Penalties with Proper Reporting
Recent court rulings clarified penalties for failing to file FBAR reports. Willful violations can lead to penalties of up to 50% of the account balance, while non-willful penalties are capped at $10,000. Stay compliant and ensure your filings are up to date to avoid costly mistakes.
Manay CPA attended KSU Career Fair
Recently, we attended the KSU Career Fair and had the chance to meet many talented students. They provided valuable insights into who we are as a company and the exciting opportunities we offer. It was great to connect with bright minds eager to take the next step in their careers.
Manay CPA Attended the RE+ 2024 Clean Energy Event
We are excited to announce our participation in RE+ 2024, the world's largest clean energy event held from September 11-14. We had the opportunity to connect with industry leaders, innovators, and key players in the renewable energy sector, gaining valuable insights into the latest advancements in clean energy technology. Engaging in discussions with thought leaders and exploring groundbreaking solutions, we reinforced our commitment to supporting sustainable business practices. A special thanks to RE+? for hosting this impactful event and the Turkish Chamber of Commerce for their support, driving progress toward a greener and more sustainable future!
A Deep Dive into Extended Tax Returns: Webinar Recap
领英推荐
On September 19, we hosted an informative webinar focused on extended tax returns for individuals and C-corporations. The session was led by our Sales Associate, Meltem ?erci, with Team Supervisor, Bar?? Day, as the guest speaker. They provided valuable insights into filing extended tax returns, addressing key considerations for both individuals and businesses as the upcoming tax deadlines approach. We were thrilled to engage with participants and offer guidance on navigating these important tax regulations.
Manay CPA Attended the Webinar Organized by Select USA
On September 19, we participated in a webinar hosted by Select USA, focusing on the Inflation Reduction Act (IRA) and its impact on clean energy and climate solutions. The session, led by guest speaker Matthew Manning from the Department of Energy, highlighted how U.S. laws like the IRA are driving growth in the clean energy sector and the incentives available for foreign investments. Brendan Cue from the SelectUSA office also provided an overview of the services offered by the U.S. government to support foreign companies investing in the U.S.
Our Managing Partner & CEO, Burcu Bree Manay, and Partner & California Office Leader, Gulcin Gurule, contributed to the discussion, offering insights on how businesses can leverage these incentives to drive future success. We thank Select USA for organizing this informative session, helping Turkish companies explore new opportunities for growth and investment.
Manay CPA Joined the Friends of AmCham Program!
We are excited to announce that we’ve officially joined the Friends of AmCham Turkey program! This membership aligns us with an esteemed network of companies fostering strong ties between the U.S. and Turkey, promoting business growth, and advocating for mutual success. As part of this dynamic community, we look forward to enhancing our international reach and creating new opportunities for collaboration. Stay tuned for more updates on how this membership will benefit our clients and partners!
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