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North Liberty, Iowa

Summer Internship Program Wrap-Up: Inspiring Future Professionals

July 31, 2024 |

Iowa City area high school accounting interns and Greg at Greg Reimann, CPA offices in North Liberty


This summer, our firm had the pleasure of hosting two  high school interns from Iowa City West and Liberty High Schools through a partnership with Kirkwood's Workplace Learning Connection Program.


The goal was to introduce them to the fields of accounting and marketing, providing hands-on experience and insights into these business careers. Over the course of the program, our interns gained valuable skills and a deeper understanding of the industry, exploring whether a future in accounting or marketing might be the right fit for them.


Through a mix of practical assignments and mentorship, they learned about the day-to-day operations of an accounting firm, about the importance of communicating to clients through marketing, and even wrote blogs on bookkeeping and tax planning - check them out!


We were impressed with their curiosity and dedication, and we're excited to see where their career paths take them. It's been a rewarding experience for everyone involved, and we look forward to continuing to inspire the next generation of professionals.

Greg Reimann • July 31, 2024

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Understanding Beneficial Ownership Interest: What You Need to Know As a Small Business Owner

By Greg Reimann • August 27, 2024
In response to growing concerns about financial transparency and to combat illegal activities, the government has introduced new regulations that impact many small businesses. This new law, part of the Corporate Transparency Act, mandates that businesses report the individuals who ultimately own or control the company, even if their names aren’t on official ownership documents. Who needs to file? Any company registered in the United States that is not publicly traded may need to file beneficial ownership information. This includes corporations, limited liability companies (LLCs), and similar entities. Any individual with a significant control or a substantial ownership stake in the business, typically defined as 25% or more ownership, must be reported. When to file The timing for filing beneficial ownership information depends on your business's status. For newly registered entities, the filing must be completed at the time of registration. Existing companies must comply with filing requirements by January 1, 2025 How to file Businesses are required to submit specific details about each beneficial owner to the Financial Crimes Enforcement Network (FinCEN). This information includes names, birthdates, addresses, and a unique identifying number, such as a Social Security number. Filing is usually done electronically through FinCEN's online portal. Let us handle it for you Navigating the filing requirements for beneficial ownership interest can be complex. As your trusted business advisor, we can manage the entire process for you, ensuring that your filings are accurate and submitted on time. Contact us today to discuss how we can assist with your beneficial ownership filing and keep your business compliant with federal regulations.
Greg Reimann in North Liberty helping a family with end-of-year tax planning strategies.

Everything You Need To Know About Tax Planning Strategies

By Vincent Ni • July 23, 2024
Discover effective tax planning strategies with our guide to Tax Planning. Learn how to minimize your tax liability, maximize savings, and secure your financial future. From Greg Reimann, CPA, in North Liberty, Iowa.
Local bookkeeper reconciling bank statements in North Liberty, IA

The Importance of Bookkeeping Services for Small Business

By Omnia Ali • July 19, 2024
Discover the importance of bookkeeping for small businesses! Learn how proper financial tracking and local services can boost your growth from a local CPA in North Liberty, IA.
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