December News To Know

Dear Clients and Friends,

Happy Holidays from the entire CJBS family! December is a wonderful time to look back on everything we’ve accomplished together and to look ahead with hope and excitement. We’re delighted to share some meaningful updates, thoughtful insights, and a few special moments of celebration with you this season.

In this month’s newsletter, you’ll find helpful information to guide your year-end planning. We’ll update you on the latest BOI reporting requirements, ensuring you’re ready to meet the coming year’s compliance needs. You’ll also find our comprehensive Year-End Planning Guide and a summary of the 2025 Rates and Inflation Tables, both designed to help you make informed financial decisions.

We’d also like to share some heartfelt news about a beloved member of our team. After 26 years of dedicated service, our wonderful Office Administrator, Mary Frederick, is stepping into retirement. Mary’s warmth, enthusiasm, and meticulous attention to detail have added so much to our CJBS community, helping shape an environment that’s personal, welcoming, and truly caring. While we’ll miss her greatly, we’re excited for her as she begins this next chapter, and we send her off with sincere gratitude, admiration, and our very best wishes.

Of course, the holiday spirit is alive and well here at CJBS. We recently celebrated our annual holiday party, enjoyed a festive cookie exchange, and exchanged thoughtful gifts during our secret Santa event. These moments remind us how fortunate we are to be connected as clients, colleagues, and friends.

Beneficial Ownership Reporting Update

The Beneficial Ownership Information (BOI) reporting is a regulatory requirement designed to enhance transparency in financial transactions by identifying the individuals who ultimately own or control a company. The aim is to combat financial crimes such as money laundering and terrorism financing by making it more difficult for illicit actors to conceal their identities behind corporate entities.

Following a recent Texas court ruling, the mandatory filing of Beneficial Ownership Information (BOI) reports has been temporarily blocked. This legal development has prompted a varied response among companies.

While the requirement is on hold, some organizations have opted to voluntarily complete their BOI reports to maintain transparency and ensure readiness for any regulatory changes. This demonstrates a proactive stance despite the current suspension of mandatory compliance.

Clients should be aware of this temporary change and monitor ongoing updates from the Financial Crimes Enforcement Network (FinCEN) for future guidance. For more details, please refer to the FinCEN’s official page.

Year-End Tax Planning 

As 2024 draws to a close, the evolving financial landscape presents changes that could potentially impact your individual and business strategies. Staying informed is vital for making the best tax decisions and preparing for the year ahead.

In case you missed it, our Year-End Planning Guide offers valuable insights to help you navigate these changes. Don’t miss out—download the guide here to equip yourself with the knowledge you need for successful year-end planning.

As we look toward 2025, understanding the impact of inflation on tax and financial planning is essential. The IRS annually updates tax rates and contribution limits to account for inflation, softening the blow of rising costs.

Our inflation adjustment tables are crucial resources, providing clarity on how these changes affect your tax and financial strategies. By keeping you informed of these updates, we help ensure that both businesses and individuals can adapt their budgeting, pricing, and investment plans to meet current regulatory standards.

Retirement Celebration for Mary Fredericks

Congratulations to Mary Fredericks on her retirement after 26 incredible years with CJBS! As our very first office administrator, Mary set the tone for our team with her kindness, caring spirit, compassion, and tireless work ethic. Colleagues, both past and present, gathered alongside Mary’s family to honor this significant milestone and express their heartfelt gratitude.

The celebration was a beautiful tribute to Mary’s remarkable journey, featuring touching speeches and treasured memories that dated all the way back to her very first day at CJBS. Throughout the day, friends and coworkers shared stories of her unwavering dedication, her supportive presence, and her genuine warmth. It was a truly unforgettable event, commemorating the lasting impact Mary has made on our team, our culture, and our community.

Annual Holiday Party

Our company holiday party at Maggiano’s was a wonderful celebration filled with joy and camaraderie. Coworkers and guests gathered to enjoy delicious Italian cuisine, lively conversations, and festive drinks! The evening was full of laughter and delightful moments, making it a special occasion for all who attended. Thank you to our culture committee for organizing a memorable evening!

Cookie Exchange & Secret Santa

Our annual cookie exchange and secret Santa was another highlight of the season! With over 20 different cookies and holiday treats, everyone had the chance to sample a delightful array of flavors and fill take-home bags with their favorites. Following the sweet indulgence, we gathered in the conference room for a cozy lunch and the much-anticipated exchange of secret Santa gifts! It was a heartwarming event that brought smiles and holiday cheer to all.

Thank you for your continued trust and for being part of our CJBS family. We wish you a safe, healthy, and joyful holiday season, and we look forward to supporting you in the year ahead.

Warmly,

The CJBS Team