Transcript

00:00:00 - [SCOTT_WARNER]
I can't remember what I sent you already, but, basically, do okay. Annual franchise tax tax, reports are something that ArentFox Schiff has helped us with in many cases, but Jennifer did a lot of them herself. Got with her exit, my assumption is is that we would turn that over to AFS to to run those unless you feel differently about that. And I don't even know if it's your decision to make. I just assumed it was. So

00:00:33 - [MICHAEL_CARLSON]
I would probably prefer that. Franchise tax is not one that I remember Jen mentioning. I can check with Shawn to see. We're getting caught up on, like, our census reports and all the different various ones. No. We we did do a couple last week.

00:00:53 - [SCOTT_WARNER]
Okay. I talked to Shawn, and he didn't have this on his radar at all either.

00:00:56 - [MICHAEL_CARLSON]
Okay. Yeah. I don't recall mentioning this one.

00:00:58 - [SCOTT_WARNER]
Okay. So I'll just turn it over to AFS, which is good because they they did 80 of them anyways. So the bad part is is so TTS Holdings USA hadn't been filed. They're showing a a tax balance of 67,000, which is not correct. So they have to do some work to to get the number down. So she said they need the total number of issued shares and the gross assets total as reported on US form eleven twenty schedule l as of fiscal year end 123125. My my understanding is we haven't done taxes for this for '25 yet. Right? It's only

00:01:37 - [MICHAEL_CARLSON]
Correct.

00:01:37 - [SCOTT_WARNER]
March. Okay. Yep. So, blah blah blah. I'm scrolling up. So I sent her, the attorney or I'm sorry. She's actually a paralegal. The last year's files that Shawn helped me pull out of Jennifer's records.

00:01:54 - [MICHAEL_CARLSON]
Mhmm.

00:01:57 - [SCOTT_WARNER]
So if those numbers stay correct, our bill drops all the way down to 4,000. So a huge savings. Okay. But Mhmm. He said those are the twenty twenty four forms. We need the twenty twenty five. And I said, we have not yet filed our 2025 taxes. The 2024 paperwork is the most recent. And she said, okay. If the company's federal corporate income tax return has not yet been finalized, we would look to use the total assets figure on the balance sheet. Do you know where I would get that?

00:02:28 - [MICHAEL_CARLSON]
Yeah. We can we can generate that.

00:02:30 - [SCOTT_WARNER]
Okay. So I will forward that request to you. Is it that a you thing or an Amity thing, or who does that go to?

00:02:35 - [MICHAEL_CARLSON]
You can send it to me. I can send it over. But I guess when is because I think I think CLI is targeting to file our 2025, like, in the next, like, three weeks. So it should be filed here in March. So I don't know if there's a deadline for the other one.

00:02:54 - [SCOTT_WARNER]
It was due yesterday, so we have to so there is a penalty that we'll have to pay a little bit. But it it's a daily penalty. So if we can get it filed today, we would. And we can always amend it later if we find out something wildly different. Okay. I I'm gonna

00:03:11 - [MICHAEL_CARLSON]
So this was so if the franchise tax report was due yesterday?

00:03:13 - [SCOTT_WARNER]
Yeah. March 1.

00:03:15 - [MICHAEL_CARLSON]
Let me see if that is something. No. We did the Washington and Ohio. Okay. Yeah. This one was not on Barb and I's radar.

00:03:38 - [SCOTT_WARNER]
Yeah. Okay. Yeah.

00:03:39 - [MICHAEL_CARLSON]
If you send it to me, I can get the total fixed assets.

00:03:42 - [SCOTT_WARNER]
Thanks. I I'm gonna set up some time for you to meet Mary, not not because it you need to really just highlight people. In case I'm, like, out of the office or something, you know, with family stuff, then you guys know who to contact and things like that. So Mhmm. I'll I'll set that up so you can kinda meet them. And that way, also, they can help us understand what the process should look like. So

00:04:04 - [MICHAEL_CARLSON]
Yeah. Fair. Nope. That works.

00:04:06 - [SCOTT_WARNER]
Thanks, Mike. I appreciate it. I'll send this email right now. Alright.