Jan 9, 2025 | Business Planning, Closely Held Business, Personal Financial Planning, Tax News
The 2024 election has come to a close, and Trump was reelected for his second term and will be the 47th president of the United States. As a result, the tax policies and initiatives that are currently in place may change, according to all that he spoke about during...
Dec 30, 2024 | Business Planning, Closely Held Business, Tax News
As of Dec. 26, the CTA’s BOI reporting requirements are suspended. Affected businesses can breath a sigh of relief. How did we get here? In brief: The much-debated CTA imposed heavy reporting requirements on a wide range of companies, starting in 2025. The...
Dec 26, 2024 | Business Planning, Closely Held Business, Tax News
The Fed’s big move Many economists were waiting for the Fed’s interest rate cut in September. It was the first time the Fed lowered its benchmark interest rate since it began raising it in 2022. Back then, the Fed increased its rate to combat inflation. In...
Dec 24, 2024 | Business Planning, Closely Held Business, Featured News and Events, Tax News
All over the business world, accountants, lawyers, financial executives and journalists are scrambling to keep up with the latest soap opera in the financial community: what’s happening with the Corporate Transparency Act and its ownership reporting rules....
Nov 14, 2024 | Business Planning, Closely Held Business
Outsourcing any service, from outsourced accounting to bookkeeping and taxes, simply means hiring someone who is not a W-2 employee, but is instead a freelancer or independent contractor. With today’s technology, online business services are common and growing...
Oct 30, 2024 | Business Planning, Closely Held Business, Featured News and Events
As of January 1, 2024, a significant number of businesses were required to comply with the Corporate Transparency Act (CTA). The CTA was enacted into law as part of the National Defense Act for Fiscal Year 2021. The CTA requires the disclosure of the beneficial...
