The Financial Crimes Enforcement Network (FinCEN) has issued an alert about fraudulent schemes exploiting the organization's name, insignia, and authority for financial gain.
With the 2024 tax season upon us, it's crucial to prepare ahead with accurate financial records, understand tax law changes, and maximize deductions and credits. Consult a tax professional for best results: ensure compliance, save time and start planning for 2025.
Employee Stock Ownership Plans (ESOPs) offer potential benefits including tax advantages and increased workforce engagement. However, they also present certain challenges like setup complexity and regulatory requirements. It's crucial to evaluate if an ESOP fits your business's structure, goals, and financial health.
Find out how to stay financially prepared for any situation with six essential steps, from building an emergency fund to estate, tax, and investment planning.
Confused about who needs a 1099 and which form applies? You’re not alone. This quick guide cuts through the chaos so you can handle your 1099s with confidence.
The reinstated injunction on the Corporate Transparency Act (CTA) halts enforcement, but uncertainty remains. Learn what beneficial ownership information (BOI) your business needs to gather and why staying connected with your CPA is essential to navigating this shifting legal landscape.
Navigating the complexities of payroll taxes is a daunting task for small business owners, fraught with challenges like worker misclassification and ever-changing regulations. This article explores common pitfalls and offers actionable strategies to ensure compliance, protect your business from penalties, and maintain employee trust. Dive in to discover how you can streamline your payroll processes and focus on growing your enterprise.
Learn how to keep abreast of your tax payments and avoid rising underpayment penalties that can quickly snowball. Discover strategies that can help you dodge unnecessary costs.
Preparing for a nonprofit audit in 2025 involves understanding new standards, economic impacts, and adopting best practices for compliance and transparency.
Navigating the complexities of standard mileage rates for different purposes can be challenging. Here is an overview of the 2025 rates for business, charity, medical and military moves.
The Corporate Transparency Act, designed to prevent financial crimes, is back in effect after the lifting of an injunction. This article outlines recent developments and provides updated deadlines for Beneficial Ownership Reporting to help businesses stay compliant.
A federal court has temporarily halted the enforcement of beneficial ownership information (BOI) reporting requirements. While businesses can still voluntarily submit BOI reports, they will not be liable for non-compliance during this period. It's recommended to stay informed, as the legal landscape is continually evolving.
Don't let cybercriminals ruin your holiday season. Here's some advice on safeguarding your personal information during the busiest online shopping period of the year.
Grow your client base through trust and collaboration. Referral, partner, and affiliate programs offer efficient ways to attract high-quality leads by leveraging relationships and shared networks. Explore how these strategies can help you expand your reach, reduce costs, and build lasting client relationships.
Discover how commission-based pay can transform your sales team by aligning compensation with performance to drive revenue and retain top talent. Explore various commission structures, their benefits, and best practices for implementation in this comprehensive guide. Propel your business toward greater success with an incentivized sales force.