Hey there!

Welcome to 2025!

While everyone else was recovering from a mountain of wrapping paper and family gatherings, the accounting community was losing their minds.

The BOI reporting requirement had been halted, then back in place, and now it’s halted again.

We’re still recommending you file it, unless you’re doing shady things with your LLC. Cause that’s really what this is about: making sure owners of LLCs can be tracked down for doing shady things. I know that’s none of you, though!

And in other big news, a large Accounting Services platform, called Bench closed their doors, just one day after Christmas, laying off hundreds of employees and leaving thousands of clients without their bookkeeping.

They were recommending Bench customers move over to a service called Kick, but on December 30th, Employer.com bought them, saying they will revive the services for their clients.

If you’re a Bench customer, or know of any, we are accepting a few new clients, and are happy to help you wrap up 2024 if you’re an online business (coach, course creator, e-commerce, etc). If you’re in a different industry, we are also connected with a whole bunch of amazing bookkeepers we can refer you to.

Our clients own their file—it’s not on a proprietary software like Bench. We use Xero, and we backup the data weekly. We have strong feelings about data security & access.

📆 Upcoming Deadlines

• January 13 - Potential deadline for the BOI report if the court order is lifted
• January 15 - Q4 2024 Estimated Taxes Due
• January 31 - Most 1099s due

💵 Money Tip

This month, our money tip is to carve out time to review your finances, gather receipts & documents for taxes, and all that fun stuff. And since 1099s are due this month make sure you have a W9 on file for all of your services provider vendors.

🤝 Work with us

We have 3 available spaces for monthly or cleanup clients starting in Q1.

If you’re still unsure about working with us, hit reply OR fill out our interest form HERE so we can talk about what we could accomplish together.

If you are making under $100k and want to handle your own books, we can cleanup or catch up the books for the year & train you on how to handle everything going forward. Reply with the word DIY and I’ll send you all the details! 💬

That’s it for now!

Serena + The Of Course Team

PS. If you know any online businesses that need our monthly support, please send them our way! We do give referral fees 🤩