Nov 16, 2023 | Business Planning, Closely Held Business, Tax News
Just the words “IRS audit” are enough to make most people roll their eyes or groan in pure agony. More specifically, business owners in particular often fear being audited by the IRS. That said, there are numerous steps people can take when they are eager...
Nov 7, 2023 | Business Planning, Closely Held Business, Tax News
Financial Crimes Enforcement Network (FinCEN) has prepared some information on the complex Beneficial Ownership Information Reporting Rule. What is beneficial ownership? Beneficial ownership information refers to identifying information about the individuals who...
Oct 31, 2023 | Business Planning, Closely Held Business, Personal Financial Planning
Technology is transforming the retirement transition for everyone, including those without financial advisers. Digital tools are interactive experiences designed to engage users with a combination of personalization and gamification, making their retirement experience...
Sep 12, 2023 | Business Planning, Closely Held Business, Tax News
Businesses that receive more than $10,000 in cash must report transactions to the U.S. government. The IRS says this rule helps the government fight tax evaders, drug dealers, terrorists and other criminals. “The government can often trace money from these...
Aug 17, 2023 | Business Planning, Closely Held Business, Tax News
The U.S. Citizenship and Immigration Services released the following statement on July 21, 2023: On Aug. 1, 2023, U.S. Citizenship and Immigration Services published a revised version of Form I-9, Employment Eligibility Verification (PDF, 899.28 KB). Among the...
Aug 15, 2023 | Business Planning, Closely Held Business, Tax News
Starting on Jan. 1, 2024, some companies will have to report certain information about their ownership. Which companies and which information? That’s where it can get confusing. You have to delve into the Corporate Transparency Act (CTA). According to the...