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Latest News on Beneficial Ownership Information Reporting

FinCEN has outlined their plan of action for when and if the current stay is lifted related to beneficial...

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Supreme Court Lifts Nationwide Injunction on BOI Reporting

On Thursday January 23, 2025, the Supreme Court issued a stay on a nationwide injunction that had previously...

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Video Tips: Reasonable Compensation for S-Corp Shareholders

Determining a reasonable salary for an S corporation shareholder is required and may be one of the most...

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The Real Cost of Cheap Bookkeeping: Lessons from Bench’s Abrupt Shutdown

When Bench suddenly closed—to be acquired by Employer.com—small businesses got a hard lesson...

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Oops, They Did It Again: The BOI Ruling That’s Leaving Small Businesses Dizzy

Learn about the newly reinstated injunction halting BOI enforcement, what it means for small businesses,...

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Video Tips: Wrapping Up Year-End Business Purchases

A small business can deduct acquisition costs on 2024 taxes if purchased and placed in service by year-end,...

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What Are the Most Common Business Financial Fraud Schemes?

Learn about the most common financial fraud schemes targeting small businesses, including payroll fraud,...

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Inside Macy’s $154 Million Accounting Fiasco: What It Means for Retailers and the Future of Financial Oversight

Macy's $154 million accounting error has caused delays in earnings, raising questions about internal...

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How to Prepare for Your Year-End Financial Review: A Guide for SMBs

Get organized and prepared for your year-end financial review. Learn how to organize financial statements,...

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How Community Property Laws Impact Beneficial Ownership for Spouses

The Corporate Transparency Act (CTA) was enacted as part of a broader effort to combat money laundering,...

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Navigating the Corporate Transparency Act: Essential Insights and Compliance Reminder for SMBs

Stay informed about the Corporate Transparency Act's latest insights and compliance requirements for...

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Succession Planning for Baby Boomer Business Owners: Ensuring a Smooth Transition

Discover essential steps for Baby Boomer business owners to ensure a smooth transition of leadership....

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