New Federal Reporting Law Carries Hefty Penalties for Small Businesses
In January 2021, the United State Congress enacted the Corporate Transparency Act (CTA), with a goal of detecting and reducing money laundering, fraud, and other misconduct through shell companies. As part of the legislation, almost all entities are required to file a report with details about their owners and the individuals who register the entity to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury.
Montana Department of Revenue Releases Updated Wage Withholding Tax Tables and Employee Withholding FormRead More
Five Simple AI Strategies to Unlock More Freedom and Productivity in Your PracticeRead More
IRS offers extra time for Roth catch-up contributionsRead More
The Impact of the SALT Cap on the Marriage Penalty, Business Entity, and ResidencyRead More
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