In a landmark move towards enhanced corporate transparency, the 2021 Corporate Transparency Act ushered in a new era for businesses operating in the United States. Effective January 1, 2024, filing the Beneficial Ownership Information Report (BOIR) became a mandatory requirement, imposing significant consequences for non-compliance. This blog explores the key aspects of the BOIR, the consequences of failing to file,... read more »
Are you a small business filing your 2021 federal income tax return? Working with a tax professional or accountant can not only help you stay on top of what you need as you file your business taxes but can also help you understand which deductions and credits your business qualifies for: https://www.irs.gov/businesses/small-businesses-self-employed/business-tax-credits Your Business If you are a sole proprietor... read more »
Do you run a business being the sole proprietor? If so, did you know that you currently have no legal or financial separation between you and your company? It essentially means that when you try to get credit or funding, it will be tied to you, personally, and potentially impact your personal credit reporting, for better or worse. This matters... read more »
Many people start a small business so they can be their own boss and apply their unique vision to a particular product, service or industry opportunity. This often means becoming intimately involved in a wide range of details associated with the operation of your business. While managing to turn a profit or minimize a loss for a month of fiscal... read more »
855-371-0070